Algert Global LLC Boosts Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Algert Global LLC lifted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 36.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,715 shares of the apparel retailer's stock after purchasing an additional 14,220 shares during the period. Algert Global LLC owned approximately 0.06% of Urban Outfitters worth $2,058,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock valued at $25,000 after purchasing an additional 354 shares in the last quarter. Quarry LP increased its stake in shares of Urban Outfitters by 1,825.0% during the second quarter. Quarry LP now owns 924 shares of the apparel retailer's stock worth $38,000 after buying an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Urban Outfitters in the second quarter valued at approximately $42,000. Meeder Asset Management Inc. purchased a new position in Urban Outfitters in the second quarter worth approximately $48,000. Finally, Asset Management One Co. Ltd. acquired a new position in Urban Outfitters during the 3rd quarter worth approximately $47,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Tricia D. Smith sold 11,730 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 31.80% of the company's stock.

Urban Outfitters Stock Performance

NASDAQ URBN traded up $7.35 on Thursday, reaching $47.49. The stock had a trading volume of 8,113,721 shares, compared to its average volume of 1,709,596. The stock has a market cap of $4.38 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50. Urban Outfitters, Inc. has a 12-month low of $33.17 and a 12-month high of $48.90. The business's 50-day moving average price is $37.44 and its 200 day moving average price is $40.11.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.82 by $0.28. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. Urban Outfitters's revenue for the quarter was up 6.3% on a year-over-year basis. On average, sell-side analysts predict that Urban Outfitters, Inc. will post 3.65 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Urban Outfitters from $42.00 to $39.00 and set a "market perform" rating for the company in a research report on Thursday, August 22nd. Robert W. Baird lifted their price target on Urban Outfitters from $47.00 to $49.00 and gave the stock a "neutral" rating in a report on Wednesday. Morgan Stanley increased their price objective on Urban Outfitters from $38.00 to $41.00 and gave the company an "equal weight" rating in a report on Wednesday. StockNews.com raised Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Bank of America upped their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $46.27.

Urban Outfitters 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.