Urban Outfitters, Inc. $URBN Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. increased its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 8.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 100,410 shares of the apparel retailer’s stock after purchasing an additional 7,700 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Urban Outfitters were worth $7,172,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. grew its position in Urban Outfitters by 11.7% in the second quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock valued at $97,000 after acquiring an additional 140 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Urban Outfitters by 1.6% in the third quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock valued at $749,000 after purchasing an additional 164 shares during the period. Parkside Financial Bank & Trust grew its holdings in Urban Outfitters by 32.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock valued at $70,000 after purchasing an additional 237 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Urban Outfitters by 3.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,208 shares of the apparel retailer’s stock worth $575,000 after buying an additional 240 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after buying an additional 274 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on URBN. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Wells Fargo & Company lifted their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Barclays increased their price objective on shares of Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Morgan Stanley boosted their target price on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $86.67.

Urban Outfitters Price Performance

Shares of URBN opened at $68.35 on Friday. The stock has a market capitalization of $6.13 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 0.95 and a beta of 1.24. The business’s fifty day moving average price is $73.86 and its 200 day moving average price is $71.86. Urban Outfitters, Inc. has a 12-month low of $41.89 and a 12-month high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The firm had revenue of $1.53 billion during the quarter. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In related news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $71.13, for a total transaction of $758,743.71. Following the sale, the chief executive officer owned 17,511,209 shares in the company, valued at $1,245,572,296.17. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $71.13, for a total transaction of $663,856.29. Following the completion of the transaction, the insider directly owned 1,987,950 shares in the company, valued at $141,402,883.50. This represents a 0.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 598,168 shares of company stock valued at $45,325,456. Insiders own 31.60% of the company’s stock.

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.