Urban Outfitters, Inc. $URBN Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd raised its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 194.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,410 shares of the apparel retailer’s stock after purchasing an additional 13,485 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Urban Outfitters were worth $1,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Urban Outfitters by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock valued at $262,578,000 after buying an additional 142,909 shares during the period. American Century Companies Inc. raised its stake in Urban Outfitters by 23.1% during the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock worth $205,654,000 after acquiring an additional 540,877 shares during the period. Fisher Asset Management LLC lifted its holdings in Urban Outfitters by 2.8% in the third quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock worth $131,997,000 after acquiring an additional 50,837 shares during the last quarter. Geode Capital Management LLC boosted its stake in Urban Outfitters by 0.9% in the second quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock valued at $110,646,000 after acquiring an additional 12,965 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in Urban Outfitters by 59.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock valued at $93,366,000 after acquiring an additional 477,909 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on URBN. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. Morgan Stanley upped their price objective on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $98.00 target price on shares of Urban Outfitters in a research note on Thursday, February 26th. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a report on Wednesday, December 17th. Finally, UBS Group restated a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.25.

Insider Buying and Selling

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $752,023.50. Following the completion of the transaction, the chief executive officer directly owned 17,449,385 shares of the company’s stock, valued at approximately $1,230,181,642.50. This trade represents a 0.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction on Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $657,976.50. Following the transaction, the insider owned 1,933,859 shares in the company, valued at approximately $136,337,059.50. This trade represents a 0.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 522,850 shares of company stock valued at $39,467,864 over the last 90 days. 31.60% of the stock is currently owned by insiders.

Urban Outfitters Trading Down 2.4%

URBN stock opened at $64.06 on Friday. The firm’s 50-day moving average is $71.04 and its two-hundred day moving average is $71.04. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.24 and a beta of 1.22. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.19. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm posted $1.04 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

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.