Interval Partners LP Acquires Shares of 68,903 Urban Outfitters, Inc. (NASDAQ:URBN)

Interval Partners LP acquired a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 68,903 shares of the apparel retailer’s stock, valued at approximately $2,992,000. Interval Partners LP owned approximately 0.07% of Urban Outfitters at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in Urban Outfitters by 89.7% during the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 417 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Urban Outfitters by 3,700.0% in the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 1,110 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Urban Outfitters in the fourth quarter valued at $150,000. TFO Wealth Partners LLC grew its holdings in shares of Urban Outfitters by 26,563.2% in the fourth quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock valued at $178,000 after purchasing an additional 5,047 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Urban Outfitters in the first quarter valued at $240,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Stock Performance

Shares of URBN traded down $0.12 during midday trading on Wednesday, hitting $46.61. The company had a trading volume of 380,239 shares, compared to its average volume of 1,626,881. The company’s 50-day simple moving average is $43.77 and its 200-day simple moving average is $42.02. The firm has a market capitalization of $4.35 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.14 and a beta of 1.51. Urban Outfitters, Inc. has a 1 year low of $30.05 and a 1 year high of $48.90.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Urban Outfitters had a return on equity of 15.36% and a net margin of 5.66%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. Equities analysts predict that Urban Outfitters, Inc. will post 3.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $48.30, for a total transaction of $241,500.00. Following the transaction, the director now owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Azeez Hayne sold 13,967 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $41.78, for a total value of $583,541.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total value of $241,500.00. Following the completion of the transaction, the director now directly owns 565,296 shares in the company, valued at approximately $27,303,796.80. The disclosure for this sale can be found here. 31.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of analyst reports. Jefferies Financial Group raised their price target on Urban Outfitters from $32.00 to $35.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 22nd. Barclays lifted their price objective on shares of Urban Outfitters from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 18th. UBS Group lifted their price objective on shares of Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Telsey Advisory Group lifted their price objective on shares of Urban Outfitters from $48.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. Finally, Robert W. Baird lifted their price objective on shares of Urban Outfitters from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.18.

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.