Hsbc Holdings PLC Acquires 18,739 Shares of Urban Outfitters, Inc. $URBN

Hsbc Holdings PLC grew its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 32.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,772 shares of the apparel retailer’s stock after purchasing an additional 18,739 shares during the quarter. Hsbc Holdings PLC owned approximately 0.09% of Urban Outfitters worth $5,546,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in Urban Outfitters by 343.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,435 shares of the apparel retailer’s stock valued at $177,000 after buying an additional 1,886 shares during the period. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Urban Outfitters during the 2nd quarter worth $734,000. Choreo LLC purchased a new position in Urban Outfitters during the 2nd quarter worth $258,000. Russell Investments Group Ltd. grew its position in shares of Urban Outfitters by 0.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 84,122 shares of the apparel retailer’s stock worth $6,102,000 after buying an additional 521 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Urban Outfitters by 34.2% during the second quarter. Boston Partners now owns 473,608 shares of the apparel retailer’s stock valued at $34,697,000 after buying an additional 120,593 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

URBN has been the topic of several recent research reports. Citigroup increased their target price on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Wells Fargo & Company boosted their target price on Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Urban Outfitters in a report on Monday. Morgan Stanley upped their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.36.

Insider Activity

In other Urban Outfitters news, insider Margaret Hayne sold 9,333 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $73.97, for a total transaction of $690,362.01. Following the sale, the insider directly owned 2,402,723 shares in the company, valued at $177,729,420.31. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $70.46, for a total transaction of $751,596.82. Following the completion of the transaction, the chief executive officer owned 18,027,939 shares of the company’s stock, valued at approximately $1,270,248,581.94. This trade represents a 0.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 104,400 shares of company stock valued at $7,603,338. 31.60% of the stock is currently owned by corporate insiders.

Urban Outfitters Stock Down 4.4%

Shares of URBN opened at $75.72 on Friday. The stock has a fifty day simple moving average of $68.05 and a two-hundred day simple moving average of $70.76. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $80.71. The company has a market capitalization of $6.79 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, November 25th. The apparel retailer reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

About Urban Outfitters

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.