Diversified Trust Co Buys 1,455 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Diversified Trust Co boosted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 7.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,933 shares of the apparel retailer’s stock after purchasing an additional 1,455 shares during the quarter. Diversified Trust Co’s holdings in Urban Outfitters were worth $818,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in URBN. Parallel Advisors LLC increased its stake in shares of Urban Outfitters by 89.7% in the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 417 shares during the last quarter. Spire Wealth Management grew its holdings in Urban Outfitters by 3,700.0% during the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 1,110 shares during the period. CWM LLC raised its holdings in Urban Outfitters by 165.6% in the second quarter. CWM LLC now owns 2,085 shares of the apparel retailer’s stock worth $86,000 after purchasing an additional 1,300 shares during the period. Headlands Technologies LLC bought a new position in shares of Urban Outfitters during the fourth quarter worth $150,000. Finally, TFO Wealth Partners LLC grew its holdings in shares of Urban Outfitters by 26,563.2% in the 4th quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock valued at $178,000 after buying an additional 5,047 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Trading Down 1.5 %

Shares of NASDAQ URBN traded down $0.63 during midday trading on Wednesday, reaching $40.22. The company’s stock had a trading volume of 98,601 shares, compared to its average volume of 1,609,313. The stock has a 50 day simple moving average of $43.74 and a 200-day simple moving average of $42.15. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.00 and a beta of 1.51. Urban Outfitters, Inc. has a fifty-two week low of $30.05 and a fifty-two week high of $48.90.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 3.57 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays raised their price objective on Urban Outfitters from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 18th. Morgan Stanley raised their price target on Urban Outfitters from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 23rd. Jefferies Financial Group boosted their price objective on Urban Outfitters from $32.00 to $35.00 and gave the company an “underperform” rating in a research report on Wednesday, May 22nd. Robert W. Baird raised their target price on shares of Urban Outfitters from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $49.00 price target on shares of Urban Outfitters in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.18.

Insider Activity at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 5,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the transaction, the director now directly owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Azeez Hayne sold 13,967 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total value of $583,541.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the sale, the director now owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The disclosure for this sale can be found here. 31.80% of the stock is owned by company insiders.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.