Vanguard Personalized Indexing Management LLC Invests $308,000 in Urban Outfitters, Inc. $URBN

Key Points

• Vanguard Personalized Indexing Management LLC has invested approximately $308,000 in Urban Outfitters, acquiring 4,240 shares during the second quarter.
• Analysts forecast growth for Urban Outfitters, with a consensus target price of $81.91 and ratings ranging from "Strong Buy" to "Sell" by various brokerages.
• Urban Outfitters reported a net margin of 8.15% and a revenue increase of 11.3% year-over-year, with EPS of $1.58 for the last quarter.

Vanguard Personalized Indexing Management LLC bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,240 shares of the apparel retailer's stock, valued at approximately $308,000.

Other hedge funds have also added to or reduced their stakes in the company. Federated Hermes Inc. increased its stake in 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 acquiring an additional 687 shares during the last quarter. Virtus Advisers LLC bought a new position in Urban Outfitters in the first quarter valued at approximately $46,000. GAMMA Investing LLC increased its stake in Urban Outfitters by 34.7% in the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after acquiring an additional 263 shares during the last quarter. Quarry LP increased its stake in Urban Outfitters by 146.2% in the first quarter. Quarry LP now owns 1,418 shares of the apparel retailer's stock valued at $74,000 after acquiring an additional 842 shares during the last quarter. Finally, US Bancorp DE increased its stake in Urban Outfitters by 16.4% in the first quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock valued at $97,000 after acquiring an additional 262 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on URBN. Weiss Ratings reissued a "buy (b)" rating on shares of Urban Outfitters in a research note on Friday. Wells Fargo & Company lifted their price objective on shares of Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Morgan Stanley lifted their price objective on shares of Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Barclays restated an "overweight" rating and issued a $89.00 target price on shares of Urban Outfitters in a research report on Friday, August 29th. Finally, Wall Street Zen upgraded shares of Urban Outfitters from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.91.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN opened at $67.77 on Friday. The firm has a market cap of $6.08 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 1.06 and a beta of 1.26. The firm's fifty day moving average is $71.00 and its 200-day moving average is $67.68. Urban Outfitters, Inc. has a 52 week low of $35.03 and a 52 week high of $80.71.

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

Insider Transactions at Urban Outfitters

In other news, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director owned 14,250 shares in the company, valued at approximately $999,210. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tricia D. Smith sold 3,400 shares of Urban Outfitters stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $69.77, for a total transaction of $237,218.00. Following the transaction, the chief executive officer owned 10,077 shares in the company, valued at approximately $703,072.29. This trade represents a 25.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,400 shares of company stock worth $3,118,738. Company insiders own 31.60% of the company's stock.

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.

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