Sei Investments Co. lifted its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN – Free Report) by 5.7% in the 1st quarter, Holdings Channel reports. The firm owned 180,875 shares of the apparel retailer’s stock after acquiring an additional 9,776 shares during the period. Sei Investments Co.’s holdings in Urban Outfitters were worth $11,458,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Lido Advisors LLC grew its stake in Urban Outfitters by 15.3% in the 1st quarter. Lido Advisors LLC now owns 8,494 shares of the apparel retailer’s stock worth $538,000 after buying an additional 1,127 shares in the last quarter. Cetera Investment Advisers lifted its stake in Urban Outfitters by 14.5% during the first quarter. Cetera Investment Advisers now owns 27,019 shares of the apparel retailer’s stock worth $1,712,000 after purchasing an additional 3,420 shares during the last quarter. Summit Global Investments bought a new position in shares of Urban Outfitters during the 1st quarter valued at about $252,000. Dimensional Fund Advisors LP grew its position in Urban Outfitters by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock valued at $273,274,000 after acquiring an additional 338,622 shares during the last quarter. Finally, Aurora Investment Counsel bought a new stake in shares of Urban Outfitters in the 1st quarter worth approximately $2,409,000. 77.61% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Urban Outfitters
In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,036 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value of $369,743.12. Following the completion of the transaction, the chief financial officer owned 17,023 shares in the company, valued at approximately $1,249,828.66. This represents a 22.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total transaction of $639,080.94. The SEC filing for this sale provides additional information. 32.10% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
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Urban Outfitters Stock Performance
URBN stock opened at $74.18 on Friday. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $84.35. The business’s 50 day moving average price is $72.76 and its two-hundred day moving average price is $69.93. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22.
Urban Outfitters (NASDAQ:URBN – Get Free Report) last announced 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. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 EPS. Sell-side analysts forecast that Urban Outfitters, Inc. will post 6.13 earnings per share for the current year.
About Urban Outfitters
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.
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