Oak Harvest Investment Services Has $2.17 Million Stock Holdings in Urban Outfitters, Inc. $URBN

Oak Harvest Investment Services grew its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 203.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,313 shares of the apparel retailer’s stock after acquiring an additional 20,313 shares during the period. Oak Harvest Investment Services’ holdings in Urban Outfitters were worth $2,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. HighTower Advisors LLC bought a new position in shares of Urban Outfitters in the first quarter worth about $241,000. Bank of Montreal Can increased its position in Urban Outfitters by 134.9% in the 2nd quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock worth $1,502,000 after buying an additional 11,894 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of Urban Outfitters during the second quarter worth approximately $7,036,000. Allspring Global Investments Holdings LLC boosted its position in shares of Urban Outfitters by 137.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 221,655 shares of the apparel retailer’s stock valued at $16,312,000 after acquiring an additional 128,249 shares during the period. Finally, Creative Planning boosted its position in shares of Urban Outfitters by 49.4% in the second quarter. Creative Planning now owns 40,730 shares of the apparel retailer’s stock valued at $2,955,000 after acquiring an additional 13,460 shares during the period. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Trading Down 0.8%

URBN stock opened at $76.43 on Tuesday. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $83.94. The business’s 50 day moving average is $71.12 and its 200-day moving average is $71.91. The firm has a market cap of $6.85 billion, a P/E ratio of 14.42, a P/E/G ratio of 1.16 and a beta of 1.20.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The business had revenue of $1.53 billion for the quarter. Sell-side analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 target price on the stock. UBS Group upped their price objective on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday. Finally, Citigroup upped their target price on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

More Urban Outfitters News

Here are the key news stories impacting Urban Outfitters this week:

• Neutral Sentiment: Insider transactions disclosed to the SEC — filings show the trades and remaining holdings (links to the SEC filing). SEC Ownership Filing
• Negative Sentiment: CEO Richard A. Hayne sold 21,334 shares across Dec. 24 and Dec. 26 for roughly $1.645M in proceeds (avg prices ~$77.68 and $76.57). He still holds ~17.8M shares, but CEO sales can signal near-term profit-taking and pressure sentiment. Richard A. Hayne Insider Trades
• Negative Sentiment: Insider Margaret Hayne sold 18,666 shares across the same dates for roughly $1.440M in proceeds (avg prices ~$77.68 and $76.57). While her remaining stake is sizable, the sales contribute to negative near-term headline risk. Margaret Hayne Insider Trades
• Negative Sentiment: Analyst action: Wall Street Zen cut URBN to “Hold,” which can reduce buying enthusiasm from investors who follow analyst guidance. Urban Outfitters Cut to Hold at Wall Street Zen

Insider Activity

In other Urban Outfitters news, insider Margaret Hayne sold 9,333 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $76.57, for a total transaction of $714,627.81. Following the sale, the insider directly owned 2,234,729 shares of the company’s stock, valued at approximately $171,113,199.53. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $76.57, for a total transaction of $816,772.19. Following the completion of the transaction, the chief executive officer owned 17,793,265 shares of the company’s stock, valued at $1,362,430,301.05. This trade represents a 0.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 312,733 shares of company stock worth $24,179,152. 31.80% of the stock is owned by insiders.

Urban Outfitters Profile

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.