Scientech Research LLC Has $1.05 Million Stock Holdings in Urban Outfitters, Inc. $URBN

Key Points

• Scientech Research LLC significantly increased its investment in Urban Outfitters by 253.5% during the first quarter, owning nearly 20,000 shares valued at approximately $1.05 million.
• CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock at an average price of $70.52, decreasing her ownership by over 25% and retaining approximately 13,477 shares valued at around $950,000.
• Urban Outfitters reported strong financial results for the previous quarter, with earnings of $1.58 per share, surpassing analyst expectations, and an 11.3% revenue increase year-over-year.

Scientech Research LLC grew its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 253.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,985 shares of the apparel retailer's stock after buying an additional 14,331 shares during the quarter. Scientech Research LLC's holdings in Urban Outfitters were worth $1,047,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC boosted its position in Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after acquiring an additional 463 shares during the period. Federated Hermes Inc. grew its position in shares of Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 687 shares during the last quarter. Virtus Advisers LLC bought a new stake in shares of Urban Outfitters in the first quarter valued at approximately $46,000. Exchange Traded Concepts LLC bought a new position in Urban Outfitters during the first quarter valued at about $52,000. Finally, GAMMA Investing LLC boosted its stake in Urban Outfitters by 34.7% during the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after buying an additional 263 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Price Performance

URBN stock traded down $3.60 during trading hours on Friday, reaching $68.10. 736,026 shares of the stock were exchanged, compared to its average volume of 2,152,667. The firm's 50-day moving average is $74.01 and its 200-day moving average is $63.80. Urban Outfitters, Inc. has a 12 month low of $34.76 and a 12 month high of $80.71. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 1.13 and a beta of 1.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $1.24 earnings per share. Urban Outfitters's quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Activity at Urban Outfitters

In related news, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total value of $70,120.00. Following the sale, the director owned 14,250 shares of the company's stock, valued at approximately $999,210. The trade was a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

URBN has been the topic of several analyst reports. Citigroup reaffirmed a "neutral" rating and issued a $76.00 target price (up previously from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. BMO Capital Markets set a $76.00 price objective on shares of Urban Outfitters and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Robert W. Baird raised shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. Bank of America raised 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, August 28th. Finally, Glj Research reiterated a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $81.91.

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.