First Trust Advisors LP Buys 54,034 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

First Trust Advisors LP raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 45.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 172,626 shares of the apparel retailer's stock after purchasing an additional 54,034 shares during the quarter. First Trust Advisors LP owned 0.19% of Urban Outfitters worth $9,474,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of URBN. Friedenthal Financial bought a new position in shares of Urban Outfitters during the fourth quarter valued at approximately $765,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Urban Outfitters by 1,016.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock valued at $7,223,000 after acquiring an additional 119,820 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Urban Outfitters by 17,631.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer's stock valued at $1,966,000 after acquiring an additional 35,615 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Urban Outfitters by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer's stock valued at $38,754,000 after acquiring an additional 51,657 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Urban Outfitters by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock valued at $64,482,000 after acquiring an additional 60,697 shares in the last quarter. Institutional investors own 77.61% of the company's stock.

Insider Activity

In other news, insider Azeez Hayne sold 11,676 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now directly owns 15,450 shares of the company's stock, valued at $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,976 shares of company stock valued at $1,663,713 over the last three months. Insiders own 31.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on URBN shares. Citigroup decreased their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. UBS Group increased their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. StockNews.com downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Robert W. Baird increased their price objective on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Finally, Barclays increased their price objective on Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $55.18.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $52.67 on Tuesday. The stock has a market capitalization of $4.88 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16. The company has a 50-day simple moving average of $51.19 and a two-hundred day simple moving average of $49.59.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.63 billion. As a group, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

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.

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