Urban Outfitters, Inc. (NASDAQ:URBN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 21.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,912 shares of the apparel retailer's stock after buying an additional 3,191 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Urban Outfitters were worth $939,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Whipplewood Advisors LLC lifted its stake in Urban Outfitters by 2,893.8% in the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock valued at $25,000 after buying an additional 463 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Urban Outfitters in the 1st quarter valued at $52,000. GAMMA Investing LLC raised its position in Urban Outfitters by 34.7% in the 1st 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. Covestor Ltd boosted its stake in Urban Outfitters by 159.5% during the 4th quarter. Covestor Ltd now owns 2,753 shares of the apparel retailer's stock worth $151,000 after purchasing an additional 1,692 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in Urban Outfitters by 2,317.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,408 shares of the apparel retailer's stock worth $187,000 after purchasing an additional 3,267 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on URBN shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $72.00 target price on shares of Urban Outfitters in a report on Wednesday, June 11th. JPMorgan Chase & Co. upped their price objective on Urban Outfitters from $78.00 to $88.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. BMO Capital Markets set a $76.00 target price on Urban Outfitters and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and boosted their target price for the company from $50.00 to $70.00 in a report on Friday, June 6th. Finally, Glj Research reaffirmed 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 sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $75.00.

Urban Outfitters Price Performance

Shares of URBN stock traded down $1.55 during midday trading on Friday, reaching $76.28. 865,422 shares of the company traded hands, compared to its average volume of 2,132,347. The firm's 50 day simple moving average is $72.27 and its two-hundred day simple moving average is $60.78. The firm has a market cap of $6.84 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.44. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.29 billion. Urban Outfitters had a return on equity of 17.98% and a net margin of 7.91%. Urban Outfitters's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Tricia D. Smith sold 4,500 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total value of $317,340.00. Following the sale, the chief executive officer directly owned 13,477 shares of the company's stock, valued at approximately $950,398.04. This represents a 25.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Margaret Hayne sold 80,000 shares of Urban Outfitters stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the transaction, the insider owned 100 shares of the company's stock, valued at approximately $7,259. The trade was a 99.88% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,156 shares of company stock worth $11,636,158. 31.60% of the stock is owned by company insiders.

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.