GAM Holding AG boosted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 14.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,888 shares of the apparel retailer’s stock after acquiring an additional 2,833 shares during the quarter. GAM Holding AG’s holdings in Urban Outfitters were worth $1,020,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Urban Outfitters by 2.1% in the 1st quarter. BlackRock Inc. now owns 9,439,358 shares of the apparel retailer’s stock valued at $348,880,000 after acquiring an additional 192,413 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Urban Outfitters by 6.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,725,076 shares of the apparel retailer’s stock valued at $76,854,000 after acquiring an additional 103,280 shares in the last quarter. Columbus Circle Investors lifted its position in Urban Outfitters by 42.2% in the 2nd quarter. Columbus Circle Investors now owns 1,581,772 shares of the apparel retailer’s stock valued at $70,468,000 after acquiring an additional 469,144 shares in the last quarter. Millennium Management LLC lifted its position in Urban Outfitters by 113.9% in the 1st quarter. Millennium Management LLC now owns 1,042,420 shares of the apparel retailer’s stock valued at $38,528,000 after acquiring an additional 555,116 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in Urban Outfitters by 5,317.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 1,000,470 shares of the apparel retailer’s stock valued at $44,571,000 after acquiring an additional 982,003 shares in the last quarter. 77.30% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on URBN shares. MKM Partners boosted their price objective on shares of Urban Outfitters to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, August 22nd. BidaskClub upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, August 11th. Morgan Stanley lifted their price target on shares of Urban Outfitters from $33.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, May 24th. Deutsche Bank lifted their price target on shares of Urban Outfitters from $35.00 to $39.00 and gave the company a “sell” rating in a research note on Wednesday, August 22nd. Finally, B. Riley lifted their price target on shares of Urban Outfitters from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, May 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $46.77.

In other news, General Counsel Azeez Hayne sold 7,777 shares of the business’s stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $46.28, for a total transaction of $359,919.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joel S. Lawson III sold 10,000 shares of the business’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $45.66, for a total transaction of $456,600.00. Following the transaction, the director now owns 17,000 shares in the company, valued at $776,220. The disclosure for this sale can be found here. Insiders have sold a total of 47,109 shares of company stock worth $2,167,725 over the last 90 days. 25.90% of the stock is owned by company insiders.

Urban Outfitters stock opened at $45.35 on Friday. The stock has a market cap of $4.89 billion, a PE ratio of 27.15, a PEG ratio of 1.41 and a beta of 0.46. Urban Outfitters, Inc. has a fifty-two week low of $20.18 and a fifty-two week high of $52.50.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, August 21st. The apparel retailer reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.07. The company had revenue of $992.50 million for the quarter, compared to analyst estimates of $980.19 million. Urban Outfitters had a net margin of 4.71% and a return on equity of 18.92%. Urban Outfitters’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. research analysts predict that Urban Outfitters, Inc. will post 2.66 earnings per share for the current fiscal year.

Urban Outfitters Company Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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