Braun Stacey Associates Inc. Raises Holdings in Urban Outfitters, Inc. $URBN

Braun Stacey Associates Inc. lifted its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,442 shares of the apparel retailer’s stock after purchasing an additional 8,116 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Urban Outfitters were worth $16,816,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in URBN. Louisiana State Employees Retirement System bought a new position in Urban Outfitters during the first quarter valued at approximately $1,514,000. Delphi Management Inc. MA grew its holdings in Urban Outfitters by 329.0% during the 1st quarter. Delphi Management Inc. MA now owns 17,181 shares of the apparel retailer’s stock valued at $1,088,000 after buying an additional 13,176 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Urban Outfitters by 59.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 92,198 shares of the apparel retailer’s stock worth $5,841,000 after acquiring an additional 34,402 shares during the last quarter. Diversified Trust Co increased its stake in Urban Outfitters by 12.4% in the 1st quarter. Diversified Trust Co now owns 24,258 shares of the apparel retailer’s stock worth $1,537,000 after acquiring an additional 2,667 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Urban Outfitters in the 4th quarter worth approximately $47,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on URBN. Weiss Ratings upgraded Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Jefferies Financial Group restated a “hold” rating and issued a $72.00 price target on shares of Urban Outfitters in a research report on Thursday, May 21st. Bank of America upped their price target on shares of Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. increased their price objective on shares of Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, Barclays lowered their price objective on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.18.

Urban Outfitters Price Performance

Shares of URBN stock opened at $73.54 on Friday. The company has a market cap of $6.30 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.39 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. The stock’s 50 day simple moving average is $72.44 and its two-hundred day simple moving average is $71.17.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.18. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. Equities research analysts expect that Urban Outfitters, Inc. will post 6.01 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

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

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.