Wesbanco Bank Inc. Acquires 19,000 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Wesbanco Bank Inc. boosted its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 133.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,187 shares of the apparel retailer's stock after buying an additional 19,000 shares during the quarter. Wesbanco Bank Inc.'s holdings in Urban Outfitters were worth $1,271,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Handelsbanken Fonder AB grew its stake in Urban Outfitters by 55.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 20,853 shares of the apparel retailer's stock valued at $799,000 after buying an additional 7,400 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Urban Outfitters by 13.7% in the third quarter. SG Americas Securities LLC now owns 10,304 shares of the apparel retailer's stock valued at $395,000 after purchasing an additional 1,245 shares during the last quarter. Quarry LP grew its position in shares of Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer's stock valued at $38,000 after purchasing an additional 876 shares during the last quarter. Capital Impact Advisors LLC bought a new position in shares of Urban Outfitters in the second quarter worth about $685,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Urban Outfitters during the 2nd quarter worth about $42,000. 77.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on URBN. BMO Capital Markets dropped their price target on Urban Outfitters from $42.00 to $39.00 and set a "market perform" rating on the stock in a research report on Thursday, August 22nd. Telsey Advisory Group lowered shares of Urban Outfitters from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $49.00 to $44.00 in a research report on Thursday, August 22nd. Wells Fargo & Company cut their target price on shares of Urban Outfitters from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Thursday, August 22nd. StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Saturday, September 28th. Finally, Morgan Stanley cut their price objective on shares of Urban Outfitters from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Urban Outfitters currently has a consensus rating of "Hold" and an average price target of $42.30.

Urban Outfitters Stock Up 0.7 %

URBN traded up $0.25 during midday trading on Wednesday, reaching $37.53. 969,920 shares of the company's stock were exchanged, compared to its average volume of 1,722,783. The business has a 50-day simple moving average of $37.52 and a two-hundred day simple moving average of $40.54. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.89 and a beta of 1.49. Urban Outfitters, Inc. has a one year low of $31.37 and a one year high of $48.90.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company earned $1.10 EPS. Urban Outfitters's revenue was up 6.3% on a year-over-year basis. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the company's stock in a transaction dated Friday, September 6th. The shares were 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 available at this hyperlink. Company insiders own 31.80% of the company's stock.

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.