108,383 Shares in Urban Outfitters, Inc. $URBN Purchased by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the third quarter, Holdings Channel reports. The fund bought 108,383 shares of the apparel retailer’s stock, valued at approximately $7,742,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings 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 worth $749,000 after buying an additional 164 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Urban Outfitters by 3.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,208 shares of the apparel retailer’s stock valued at $575,000 after acquiring an additional 240 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Urban Outfitters by 125.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 274 shares during the period. Fairvoy Private Wealth LLC increased its holdings in Urban Outfitters by 2.0% during the 3rd quarter. Fairvoy Private Wealth LLC now owns 14,174 shares of the apparel retailer’s stock worth $1,012,000 after acquiring an additional 275 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in Urban Outfitters by 3.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 9,742 shares of the apparel retailer’s stock worth $707,000 after purchasing an additional 280 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Price Performance

URBN stock opened at $63.41 on Monday. The firm has a 50 day simple moving average of $69.95 and a two-hundred day simple moving average of $70.60. The stock has a market cap of $5.69 billion, a PE ratio of 12.51, a P/E/G ratio of 1.22 and a beta of 1.23. Urban Outfitters, Inc. has a one year low of $41.89 and a one year 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 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 firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the company posted $1.04 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, research analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Ratings Changes

URBN has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Telsey Advisory Group reissued an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group assumed coverage on Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 target price on the stock. Eight investment 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 MarketBeat.com, the stock presently 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 firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $80.38, for a total transaction of $857,413.46. Following the sale, the chief executive officer owned 17,814,599 shares in the company, valued at $1,431,937,467.62. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 453,517 shares of company stock valued at $33,899,130 over the last quarter. 31.80% of the stock is owned by corporate insiders.

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.