Cullen Frost Bankers Inc. Increases Position in Urban Outfitters, Inc. $URBN

Cullen Frost Bankers Inc. lifted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 180.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 468 shares of the apparel retailer’s stock after purchasing an additional 301 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Urban Outfitters were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Diversified Trust Co grew its holdings in shares of Urban Outfitters by 0.9% during the second quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer’s stock valued at $1,429,000 after buying an additional 185 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Urban Outfitters by 1.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer’s stock worth $1,205,000 after acquiring an additional 198 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Urban Outfitters by 2.0% during the 1st quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer’s stock worth $545,000 after acquiring an additional 203 shares during the last quarter. Xponance Inc. boosted its stake in shares of Urban Outfitters by 4.9% during the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer’s stock worth $251,000 after acquiring an additional 222 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Urban Outfitters by 1.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer’s stock valued at $1,011,000 after purchasing an additional 228 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Insider Transactions at Urban Outfitters

In other news, CEO Richard A. Hayne sold 9,333 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $70.11, for a total value of $654,336.63. Following the sale, the chief executive officer directly owned 2,430,722 shares in the company, valued at $170,417,919.42. The trade was a 0.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mary Egan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total transaction of $70,120.00. Following the completion of the sale, the director owned 14,250 shares in the company, valued at approximately $999,210. This trade represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,400 shares of company stock worth $3,118,738 in the last three months. Insiders own 31.80% of the company’s stock.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $67.77 on Monday. The company has a market cap of $6.08 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.07 and a beta of 1.26. The firm’s fifty day moving average is $71.00 and its two-hundred day moving average is $67.97. Urban Outfitters, Inc. has a 52-week low of $35.03 and a 52-week high of $80.71.

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Zacks Research upgraded shares of Urban Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. raised their price objective on shares of Urban Outfitters from $88.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a report on Friday. Citigroup reiterated a “neutral” rating and issued a $76.00 price target (up from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Finally, Telsey Advisory Group lifted their price target on shares of Urban Outfitters from $72.00 to $80.00 and gave the company a “market perform” rating in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.