Edgestream Partners L.P. Grows Position in Urban Outfitters, Inc. $URBN

Edgestream Partners L.P. lifted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 31.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,134 shares of the apparel retailer’s stock after purchasing an additional 13,383 shares during the quarter. Edgestream Partners L.P. owned 0.07% of Urban Outfitters worth $3,556,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in URBN. Eurizon Capital SGR S.p.A. acquired a new position in shares of Urban Outfitters in the 4th quarter valued at $27,000. Brown Brothers Harriman & Co. grew its position in Urban Outfitters by 815.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock valued at $28,000 after buying an additional 326 shares during the period. Salomon & Ludwin LLC increased its holdings in Urban Outfitters by 58.4% in the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 149 shares in the last quarter. Spire Wealth Management increased its holdings in Urban Outfitters by 83.3% in the fourth quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its position in shares of Urban Outfitters by 90.3% in the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 205 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Stock Down 2.1%

URBN opened at $74.18 on Friday. The company has a market cap of $6.35 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. Urban Outfitters, Inc. has a twelve month low of $59.53 and a twelve month high of $84.35. The company has a 50-day moving average price of $72.76 and a 200 day moving average price of $69.93.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the firm posted $1.16 EPS. Urban Outfitters’s revenue was up 11.4% compared to the same quarter last year. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 6.13 earnings per share for the current year.

Analyst Ratings Changes

URBN has been the topic of a number of analyst reports. Wall Street Zen upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $89.00 price target on shares of Urban Outfitters in a report on Monday, July 6th. Weiss Ratings upgraded Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. The Goldman Sachs Group raised Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price objective for the company from $76.00 to $93.00 in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Urban Outfitters has an average rating of “Moderate Buy” and an average price target of $87.91.

Insider Buying and Selling

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,036 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value of $369,743.12. Following the transaction, the chief financial officer owned 17,023 shares in the company, valued at approximately $1,249,828.66. This trade represents a 22.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Azeez Hayne sold 8,733 shares of Urban Outfitters stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. The SEC filing for this sale provides additional information. Insiders own 32.10% of the company’s stock.

Urban Outfitters Company 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.