Voya Investment Management LLC Has $3.16 Million Holdings in Urban Outfitters, Inc. $URBN

Key Points

• Voya Investment Management LLC increased its stake in Urban Outfitters by 33.9%, acquiring an additional 15,252 shares, bringing its total ownership to 60,216 shares valued at approximately $3.16 million.
• Several institutional investors have also increased their stakes in Urban Outfitters, with notable raises by Cetera Investment Advisers (15.0%) and Public Employees Retirement System of Ohio (1,778.8%).
• Urban Outfitters reported earnings of $1.58 EPS for the last quarter, surpassing estimates, with revenue growth of 11.3% year-over-year, bringing total revenue to $1.50 billion.

Voya Investment Management LLC raised its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 33.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,216 shares of the apparel retailer's stock after purchasing an additional 15,252 shares during the period. Voya Investment Management LLC owned about 0.07% of Urban Outfitters worth $3,155,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. GSA Capital Partners LLP boosted its holdings in shares of Urban Outfitters by 2.0% in the 1st quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock valued at $545,000 after buying an additional 203 shares during the period. Xponance Inc. lifted its holdings in Urban Outfitters by 4.9% in the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock worth $251,000 after acquiring an additional 222 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Urban Outfitters by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock worth $1,011,000 after acquiring an additional 228 shares during the last quarter. US Bancorp DE boosted 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 period. Finally, GAMMA Investing LLC grew its holdings in shares of Urban Outfitters by 34.7% during the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after purchasing an additional 263 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Stock Up 1.0%

Urban Outfitters stock traded up $0.71 during midday trading on Monday, hitting $72.12. The company's stock had a trading volume of 1,350,186 shares, compared to its average volume of 2,139,953. Urban Outfitters, Inc. has a 12 month low of $34.76 and a 12 month high of $80.71. The company has a market capitalization of $6.47 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29. The stock's 50-day moving average price is $73.85 and its 200-day moving average price is $64.52.

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

Insider Buying and Selling at Urban Outfitters

In related news, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total value of $70,120.00. Following the transaction, the director directly owned 14,250 shares in the company, valued at $999,210. The trade was a 6.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 31.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on URBN. Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and raised their price target for the stock from $50.00 to $70.00 in a report on Friday, June 6th. Robert W. Baird upgraded Urban Outfitters from a "neutral" rating to an "outperform" rating and raised their target price for the company from $75.00 to $90.00 in a research note on Wednesday, June 11th. Citigroup restated a "neutral" rating and set a $76.00 price target (up previously from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. Bank of America increased their price objective on shares of Urban Outfitters from $90.00 to $93.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $72.00 to $80.00 and gave the company a "market perform" rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Urban Outfitters presently has a consensus rating of "Hold" and an average target price of $81.91.

Urban Outfitters 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.