Yousif Capital Management LLC Grows Position in Urban Outfitters, Inc. $URBN

Yousif Capital Management LLC raised its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 1.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 21,313 shares of the apparel retailer’s stock after acquiring an additional 404 shares during the quarter. Yousif Capital Management LLC’s holdings in Urban Outfitters were worth $1,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in URBN. Federated Hermes Inc. lifted its holdings in Urban Outfitters by 17,175.0% during the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 687 shares during the last quarter. Virtus Advisers LLC purchased a new stake in Urban Outfitters during the first quarter valued at about $46,000. Exchange Traded Concepts LLC bought a new stake in shares of Urban Outfitters during the first quarter valued at about $52,000. GAMMA Investing LLC increased its position in shares of Urban Outfitters by 34.7% during the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer’s stock valued at $54,000 after buying an additional 263 shares during the period. Finally, Quarry LP increased its position in shares of Urban Outfitters by 146.2% during the first quarter. Quarry LP now owns 1,418 shares of the apparel retailer’s stock valued at $74,000 after buying an additional 842 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 3,400 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $69.77, for a total transaction of $237,218.00. Following the transaction, the chief executive officer directly owned 10,077 shares in the company, valued at $703,072.29. This trade represents a 25.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $70.46, for a total transaction of $751,596.82. Following the transaction, the chief executive officer owned 18,027,939 shares in the company, valued at $1,270,248,581.94. The trade was a 0.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,400 shares of company stock worth $3,118,738 over the last ninety days. Insiders own 31.80% of the company’s stock.

Urban Outfitters Trading Up 0.4%

URBN stock opened at $66.89 on Monday. The company’s 50 day moving average is $72.05 and its 200 day moving average is $67.22. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 1.05 and a beta of 1.26. Urban Outfitters, Inc. has a 1-year low of $34.76 and a 1-year high of $80.71.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.14. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. Urban Outfitters’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. As a group, sell-side analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Ratings Changes

URBN has been the topic of several analyst reports. Citigroup reiterated a “neutral” rating and set a $76.00 price target (up from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. Barclays reiterated an “overweight” rating and set a $89.00 price target on shares of Urban Outfitters in a research report on Friday, August 29th. Wells Fargo & Company upped their price target on Urban Outfitters from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, August 28th. Telsey Advisory Group upped their price target on Urban Outfitters from $72.00 to $80.00 and gave the company a “market perform” rating in a research report on Thursday, August 28th. Finally, Bank of America upped their price target on Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Urban Outfitters presently has a consensus rating of “Moderate Buy” and an average price target of $81.91.

Urban Outfitters Company 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.