Urban Outfitters, Inc. $URBN Stock Purchased by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors increased its Urban Outfitters stake by 14.4% in the third quarter, bringing its holdings to 366,298 shares valued at approximately $28.0 million. Institutional investors collectively own 77.61% of the company.
• Analysts maintain a consensus rating of “Moderate Buy” with an average price target of $89.75, while Urban Outfitters recently traded at $87.40 near its 12-month high.
• The company reported quarterly earnings of $1.72 per share and revenue of $1.66 billion, with revenue up 10.4% year over year. However, CEO Tricia Smith and CFO Melanie Marein-Efron recently sold shares, reducing their respective holdings.

Fort Washington Investment Advisors Inc. OH lifted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 14.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 366,298 shares of the apparel retailer's stock after acquiring an additional 46,118 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.43% of Urban Outfitters worth $27,978,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in URBN. BlackRock Inc. purchased a new stake in Urban Outfitters during the second quarter valued at about $615,160,000. Dimensional Fund Advisors LP boosted its position in Urban Outfitters by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer's stock worth $273,274,000 after purchasing an additional 338,622 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Urban Outfitters by 23.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer's stock worth $62,155,000 after purchasing an additional 189,454 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Urban Outfitters in the second quarter worth about $33,414,000. Finally, Engineers Gate Manager LP raised its position in shares of Urban Outfitters by 211.4% in the second quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer's stock valued at $30,344,000 after purchasing an additional 290,698 shares during the period. Hedge funds and other institutional investors own 77.61% of the company's stock.

Analysts Set New Price Targets

URBN has been the topic of a number of recent research reports. Barclays upped their price target on shares of Urban Outfitters from $100.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. Zacks Research lowered shares of Urban Outfitters from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 14th. Weiss Ratings upgraded shares of Urban Outfitters from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 22nd. Wall Street Zen cut shares of Urban Outfitters from a "buy" rating to a "hold" rating in a report on Monday, August 31st. Finally, Wells Fargo & Company increased their target price on Urban Outfitters from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 27th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $89.75.

Urban Outfitters Stock Up 3.2%

URBN stock opened at $87.40 on Friday. The firm has a market capitalization of $7.49 billion, a PE ratio of 13.63, a PEG ratio of 1.32 and a beta of 1.24. Urban Outfitters, Inc. has a twelve month low of $59.53 and a twelve month high of $88.06. The stock has a 50-day simple moving average of $78.27 and a two-hundred day simple moving average of $73.93.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, meeting the consensus estimate of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%. The firm had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The company's revenue was up 10.4% on a year-over-year basis. On average, equities research analysts anticipate that Urban Outfitters, Inc. will post 6.20 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Tricia Smith sold 3,500 shares of the business's stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $75.95, for a total transaction of $265,825.00. Following the completion of the transaction, the chief executive officer owned 30,112 shares of the company's stock, valued at approximately $2,287,006.40. The trade was a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Melanie Marein-Efron sold 5,700 shares of the business's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $80.75, for a total transaction of $460,275.00. Following the transaction, the chief financial officer directly owned 11,323 shares of the company's stock, valued at approximately $914,332.25. This represents a 33.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is currently owned by company insiders.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.

The company's portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women's clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women's apparel and activewear.

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