TD Asset Management Inc Invests $1.06 Million in Urban Outfitters, Inc. $URBN

TD Asset Management Inc bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,810 shares of the apparel retailer’s stock, valued at approximately $1,058,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Root Financial Partners LLC acquired a new stake in Urban Outfitters during the 3rd quarter worth about $25,000. Hollencrest Capital Management purchased a new stake in shares of Urban Outfitters in the second quarter valued at $26,000. Global Retirement Partners LLC raised its position in Urban Outfitters by 158.4% during the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 282 shares during the period. EverSource Wealth Advisors LLC boosted its position in Urban Outfitters by 125.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 274 shares during the period. Finally, Kilter Group LLC purchased a new position in Urban Outfitters during the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insider Activity

In related news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $76.03, for a total value of $811,012.01. Following the completion of the sale, the chief executive officer owned 17,921,269 shares in the company, valued at approximately $1,362,554,082.07. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 522,850 shares of company stock worth $39,467,864. Insiders own 31.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a report on Wednesday, December 17th. Wells Fargo & Company decreased their target price on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Finally, Citigroup upped their target price on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $86.25.

Urban Outfitters Trading Down 1.9%

NASDAQ URBN opened at $65.62 on Friday. The company has a fifty day simple moving average of $71.30 and a 200 day simple moving average of $71.15. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35. The company has a market cap of $5.88 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.29 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.24 by $0.19. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the business posted $1.04 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

About Urban Outfitters

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.