Urban Outfitters, Inc. (NASDAQ:URBN) Shares Bought by Comerica Bank

Comerica Bank increased its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 134.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 48,961 shares of the apparel retailer’s stock after buying an additional 28,086 shares during the period. Comerica Bank’s holdings in Urban Outfitters were worth $2,687,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Friedenthal Financial purchased a new stake in shares of Urban Outfitters during the 4th quarter valued at $765,000. Allspring Global Investments Holdings LLC increased its stake in Urban Outfitters by 1,016.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer’s stock worth $7,223,000 after acquiring an additional 119,820 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Urban Outfitters by 17,631.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer’s stock worth $1,966,000 after purchasing an additional 35,615 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Urban Outfitters by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer’s stock valued at $38,754,000 after purchasing an additional 51,657 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Urban Outfitters by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock worth $64,482,000 after purchasing an additional 60,697 shares during the period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $51.79 on Friday. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16. The stock’s 50-day simple moving average is $50.81 and its 200-day simple moving average is $50.28.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. As a group, research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Transactions at Urban Outfitters

In related news, insider Azeez Hayne sold 11,676 shares of Urban Outfitters stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now owns 15,450 shares in the company, valued at $902,898. The trade was a 34.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,976 shares of company stock valued at $1,663,713. Insiders own 31.60% of the company’s stock.

Wall Street Analysts Forecast Growth

URBN has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on shares of Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. UBS Group increased their price target on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Morgan Stanley reduced their price objective on Urban Outfitters from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Citigroup lowered their target price on Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $54.18.

About Urban Outfitters

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.