Virtu Financial LLC Purchases New Stake in Urban Outfitters, Inc. $URBN

Virtu Financial LLC acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBNFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,732 shares of the apparel retailer’s stock, valued at approximately $732,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of URBN. Cinctive Capital Management LP purchased a new position in shares of Urban Outfitters during the 3rd quarter valued at $4,104,000. Dimensional Fund Advisors LP boosted its position in Urban Outfitters by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock worth $262,578,000 after purchasing an additional 142,909 shares during the period. Braun Stacey Associates Inc. purchased a new position in shares of Urban Outfitters in the fourth quarter worth about $19,366,000. Jupiter Asset Management Ltd. lifted its stake in shares of Urban Outfitters by 33.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock valued at $97,646,000 after buying an additional 327,453 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Urban Outfitters by 8.3% in the 3rd quarter. Victory Capital Management Inc. now owns 569,046 shares of the apparel retailer’s stock worth $40,647,000 after buying an additional 43,564 shares during the period. 77.61% of the stock is owned by institutional investors.

Insider Buying and Selling at Urban Outfitters

In related news, CFO Melanie Marein-Efron sold 5,036 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the transaction, the chief financial officer directly owned 17,023 shares in the company, valued at $1,249,828.66. The trade was a 22.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Azeez Hayne sold 8,733 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.18, for a total value of $639,080.94. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 32.10% of the company’s stock.

Urban Outfitters Trading Down 4.8%

Urban Outfitters stock opened at $72.75 on Tuesday. The firm’s 50 day simple moving average is $72.08 and its 200 day simple moving average is $71.27. The firm has a market capitalization of $6.23 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.44 and a beta of 1.22. Urban Outfitters, Inc. has a 1-year low of $59.53 and a 1-year high of $84.35.

Urban Outfitters (NASDAQ:URBNGet Free Report) last posted its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company posted $1.16 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Research analysts forecast that Urban Outfitters, Inc. will post 6.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on URBN shares. Barclays lowered their target price on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. lifted their price target on Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Bank of America boosted their price objective on Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a report on Thursday, February 26th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.18.

Read Our Latest Research Report on Urban Outfitters

About Urban Outfitters

(Free Report)

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.

See Also

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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