Y Intercept Hong Kong Ltd Makes New $2.24 Million Investment in Urban Outfitters, Inc. $URBN

Y Intercept Hong Kong Ltd purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the third quarter, Holdings Channel.com reports. The fund purchased 31,297 shares of the apparel retailer’s stock, valued at approximately $2,236,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. increased its holdings in Urban Outfitters by 11.7% in the second quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock valued at $97,000 after buying an additional 140 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Urban Outfitters by 1.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock worth $749,000 after acquiring an additional 164 shares during the period. Maryland State Retirement & Pension System increased its stake in Urban Outfitters by 1.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer’s stock valued at $1,205,000 after purchasing an additional 198 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Urban Outfitters by 32.6% during the second quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock worth $70,000 after purchasing an additional 237 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Urban Outfitters by 3.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,208 shares of the apparel retailer’s stock valued at $575,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insider Transactions at Urban Outfitters

In related news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $71.17, for a total value of $759,170.39. Following the transaction, the chief executive officer owned 17,611,926 shares in the company, valued at approximately $1,253,440,773.42. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Margaret Hayne sold 9,333 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $71.17, for a total transaction of $664,229.61. Following the sale, the insider owned 2,076,068 shares of the company’s stock, valued at approximately $147,753,759.56. This represents a 0.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 489,333 shares of company stock valued at $37,580,934. 31.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

URBN has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $98.00 target price on shares of Urban Outfitters in a research note on Tuesday, January 13th. Morgan Stanley lifted their price target on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Finally, Barclays raised their target price on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and a consensus target price of $86.67.

Urban Outfitters Stock Performance

URBN opened at $69.61 on Thursday. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35. The company’s 50 day simple moving average is $75.14 and its 200 day simple moving average is $72.32. The stock has a market capitalization of $6.24 billion, a PE ratio of 13.13, a P/E/G ratio of 1.06 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. The company had revenue of $1.53 billion for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Urban Outfitters Company Profile

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.