Russell Investments Group Ltd. Has $4.38 Million Position in Urban Outfitters, Inc. $URBN

Key Points

• Russell Investments Group Ltd. increased its stake in Urban Outfitters by 27.4% in Q1, now owning approximately 83,601 shares valued at $4.38 million.
• Urban Outfitters reported a 10.7% year-over-year revenue increase for the last quarter, achieving $1.33 billion, with EPS of $1.16 surpassing estimates.
• Analysts have set new price targets for Urban Outfitters, with Barclays and Robert W. Baird raising their targets to $73.00 and $90.00, respectively.

Russell Investments Group Ltd. increased its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 27.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,601 shares of the apparel retailer's stock after acquiring an additional 17,983 shares during the period. Russell Investments Group Ltd. owned about 0.09% of Urban Outfitters worth $4,381,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of URBN. HighTower Advisors LLC acquired a new position in Urban Outfitters during the first quarter worth approximately $241,000. Public Sector Pension Investment Board increased its position in Urban Outfitters by 27.4% during the first quarter. Public Sector Pension Investment Board now owns 178,507 shares of the apparel retailer's stock worth $9,354,000 after buying an additional 38,337 shares during the last quarter. Nuveen LLC acquired a new position in Urban Outfitters during the first quarter worth approximately $43,769,000. Rezny Wealth Management Inc. acquired a new position in Urban Outfitters during the first quarter worth approximately $1,484,000. Finally, Citigroup Inc. increased its position in Urban Outfitters by 53.8% during the first quarter. Citigroup Inc. now owns 154,225 shares of the apparel retailer's stock worth $8,081,000 after buying an additional 53,972 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Urban Outfitters from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Thursday. UBS Group boosted their price target on Urban Outfitters from $75.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Baird R W raised Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Barclays boosted their price target on Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Finally, Bank of America boosted their price target on Urban Outfitters from $90.00 to $93.00 and gave the stock a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $80.36.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 4,500 shares of the stock in a transaction that occurred 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 owned 13,477 shares of the company's stock, valued at $950,398.04. This represents a 25.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 31.60% of the stock is owned by corporate insiders.

Urban Outfitters Stock Down 10.7%

Shares of Urban Outfitters stock traded down $8.31 on Thursday, hitting $69.70. The stock had a trading volume of 8,471,291 shares, compared to its average volume of 1,733,030. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $80.71. The business's 50 day moving average is $74.16 and its two-hundred day moving average is $62.81. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.35 and a beta of 1.44.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.74% and a net margin of 8.15%.The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Urban Outfitters Company Profile

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.