Urban Outfitters, Inc. (NASDAQ:URBN) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 6,955.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 53,553 shares of the apparel retailer's stock after acquiring an additional 52,794 shares during the quarter. GAMMA Investing LLC owned 0.06% of Urban Outfitters worth $2,806,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 200 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Urban Outfitters by 10.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock worth $146,000 after acquiring an additional 250 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Urban Outfitters by 1.7% during the 4th quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock valued at $847,000 after acquiring an additional 252 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Urban Outfitters by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock valued at $364,000 after acquiring an additional 351 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Urban Outfitters by 2.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,060 shares of the apparel retailer's stock valued at $1,046,000 after acquiring an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

Urban Outfitters Price Performance

Shares of URBN traded down $1.16 during mid-day trading on Friday, reaching $68.01. The company's stock had a trading volume of 1,948,732 shares, compared to its average volume of 1,977,935. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $75.80. The stock has a market cap of $6.30 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The company's 50 day moving average is $58.60 and its 200 day moving average is $55.45.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Azeez Hayne sold 12,856 shares of Urban Outfitters stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $73.00, for a total value of $938,488.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tricia D. Smith sold 4,500 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total transaction of $317,340.00. Following the sale, the chief executive officer now owns 13,477 shares of the company's stock, valued at approximately $950,398.04. This represents a 25.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,156 shares of company stock worth $11,636,158 in the last ninety days. 31.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

URBN has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Urban Outfitters from an "underperform" rating to a "hold" rating and lifted their price objective for the company from $50.00 to $70.00 in a report on Friday, June 6th. BMO Capital Markets set a $76.00 price target on shares of Urban Outfitters and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upgraded Urban Outfitters from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $63.00 to $78.00 in a research note on Thursday, May 22nd. Robert W. Baird upgraded Urban Outfitters from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $75.00 to $90.00 in a report on Wednesday. Finally, Baird R W upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.09.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.