18,460 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,460 shares of the apparel retailer's stock, valued at approximately $707,000.

Several other institutional investors also recently made changes to their positions in URBN. Blue Trust Inc. increased its holdings in shares of Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock valued at $25,000 after purchasing an additional 354 shares during the period. Quarry LP boosted its stake in shares of Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer's stock worth $38,000 after acquiring an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Urban Outfitters in the 2nd quarter valued at $42,000. Asset Management One Co. Ltd. acquired a new stake in Urban Outfitters during the 3rd quarter valued at $47,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Urban Outfitters in the second quarter worth approximately $48,000. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Price Performance

URBN stock traded up $1.24 on Friday, reaching $48.73. 2,193,491 shares of the company were exchanged, compared to its average volume of 1,711,702. The firm has a market capitalization of $4.50 billion, a PE ratio of 13.96, a PEG ratio of 1.08 and a beta of 1.50. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $49.48. The stock's fifty day moving average price is $37.88 and its 200 day moving average price is $40.21.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.28. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts expect that Urban Outfitters, Inc. will post 3.79 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on URBN. StockNews.com raised shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Thursday. Barclays raised their target price on Urban Outfitters from $43.00 to $51.00 and gave the company an "overweight" rating in a report on Wednesday. Bank of America upped their price target on Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday. Robert W. Baird increased their price objective on Urban Outfitters from $47.00 to $49.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, Citigroup upgraded Urban Outfitters from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $42.00 to $59.00 in a report on Wednesday. One research 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $46.27.

Insider Activity

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 31.80% of the stock is currently owned by company insiders.

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.