BNP Paribas Financial Markets Acquires 45,591 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

BNP Paribas Financial Markets raised its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 111.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,332 shares of the apparel retailer's stock after buying an additional 45,591 shares during the quarter. BNP Paribas Financial Markets owned about 0.09% of Urban Outfitters worth $3,081,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of URBN. Louisiana State Employees Retirement System acquired a new position in shares of Urban Outfitters in the 4th quarter valued at approximately $1,010,000. Vanguard Group Inc. grew its position in shares of Urban Outfitters by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,997,796 shares of the apparel retailer's stock valued at $228,758,000 after purchasing an additional 159,644 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Urban Outfitters in the 4th quarter valued at approximately $753,000. Caxton Associates LP acquired a new position in shares of Urban Outfitters in the 3rd quarter valued at approximately $744,000. Finally, Tudor Investment Corp Et Al grew its position in shares of Urban Outfitters by 2,657.9% in the 3rd quarter. Tudor Investment Corp Et Al now owns 232,603 shares of the apparel retailer's stock valued at $7,604,000 after purchasing an additional 224,169 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

URBN traded up $0.90 during trading hours on Thursday, reaching $40.32. The company's stock had a trading volume of 2,620,176 shares, compared to its average volume of 1,752,563. Urban Outfitters, Inc. has a 52 week low of $29.77 and a 52 week high of $47.29. The company's 50-day moving average is $40.74 and its 200-day moving average is $39.27. The firm has a market cap of $3.76 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 0.94 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.20. Urban Outfitters had a return on equity of 15.59% and a net margin of 5.66%. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the prior year, the business earned $0.56 EPS. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts anticipate that Urban Outfitters, Inc. will post 3.53 earnings per share for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 6,250 shares of the stock in a transaction 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 sale, the chief executive officer now owns 6,353 shares in the company, valued at approximately $258,821.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Urban Outfitters news, insider Azeez Hayne sold 2,878 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the transaction, the insider now directly owns 2,878 shares of the company's stock, valued at approximately $117,278.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tricia D. Smith sold 6,250 shares of the company's stock in a transaction on Tuesday, March 12th. The shares were 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 18,473 shares of company stock worth $757,483. Company insiders own 31.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on URBN shares. BMO Capital Markets boosted their target price on Urban Outfitters from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Thursday, February 29th. UBS Group boosted their target price on Urban Outfitters from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Thursday, May 16th. Jefferies Financial Group boosted their target price on Urban Outfitters from $32.00 to $35.00 and gave the company an "underperform" rating in a research note on Wednesday. Morgan Stanley boosted their target price on Urban Outfitters from $39.00 to $40.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their target price on Urban Outfitters from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters has an average rating of "Hold" and an average target price of $41.67.

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.