Vanguard Group Inc. Increases Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Vanguard Group Inc. increased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,997,796 shares of the apparel retailer's stock after buying an additional 159,644 shares during the period. Vanguard Group Inc. owned about 7.54% of Urban Outfitters worth $228,758,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in URBN. The Manufacturers Life Insurance Company increased its position in shares of Urban Outfitters by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 42,714 shares of the apparel retailer's stock worth $1,415,000 after acquiring an additional 277 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in Urban Outfitters by 6.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,274 shares of the apparel retailer's stock worth $175,000 after purchasing an additional 329 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Urban Outfitters by 3.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,314 shares of the apparel retailer's stock valued at $342,000 after purchasing an additional 367 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Urban Outfitters by 20.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,374 shares of the apparel retailer's stock valued at $57,000 after buying an additional 400 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of Urban Outfitters by 5.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,660 shares of the apparel retailer's stock worth $287,000 after buying an additional 430 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Stock Up 1.5 %

URBN stock traded up $0.64 during trading on Friday, hitting $43.42. The company had a trading volume of 855,438 shares, compared to its average volume of 1,519,491. The firm has a 50-day moving average price of $41.99 and a 200-day moving average price of $37.38. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.68 and a beta of 1.53. Urban Outfitters, Inc. has a 12 month low of $25.47 and a 12 month high of $47.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The firm's quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts expect that Urban Outfitters, Inc. will post 3.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on URBN shares. StockNews.com lowered Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. JPMorgan Chase & Co. cut their price objective on shares of Urban Outfitters from $46.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. UBS Group boosted their price objective on Urban Outfitters from $41.00 to $42.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 5th. Telsey Advisory Group increased their price target on Urban Outfitters from $44.00 to $48.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 28th. Finally, BMO Capital Markets upped their price objective on shares of Urban Outfitters from $38.00 to $42.00 and gave the stock a "market perform" rating in a report on Thursday, February 29th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $39.58.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 6,250 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total value of $254,625.00. Following the completion of the transaction, the chief executive officer now directly owns 6,353 shares in the company, valued at $258,821.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Melanie Marein-Efron sold 3,345 shares of the company's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $42.23, for a total value of $141,259.35. Following the sale, the chief financial officer now directly owns 6,908 shares of the company's stock, valued at approximately $291,724.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 6,250 shares of the firm's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total transaction of $254,625.00. Following the completion of the sale, the chief executive officer now owns 6,353 shares of the company's stock, valued at $258,821.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,473 shares of company stock valued at $757,483. 31.90% of the stock is owned by insiders.

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 Nully. 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.