Federated Hermes Inc. Buys 687 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Federated Hermes Inc. raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 17,175.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 691 shares of the apparel retailer’s stock after buying an additional 687 shares during the period. Federated Hermes Inc.’s holdings in Urban Outfitters were worth $36,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of Urban Outfitters by 313.4% in the 1st quarter. SG Americas Securities LLC now owns 23,342 shares of the apparel retailer’s stock valued at $1,223,000 after buying an additional 17,696 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Urban Outfitters in the 1st quarter valued at about $52,000. Public Employees Retirement System of Ohio lifted its stake in shares of Urban Outfitters by 1,778.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer’s stock valued at $1,898,000 after purchasing an additional 32,747 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Urban Outfitters in the 1st quarter valued at about $1,094,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Urban Outfitters by 17.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer’s stock valued at $7,086,000 after purchasing an additional 19,551 shares during the period. Institutional investors own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on URBN. Morgan Stanley boosted their price objective on Urban Outfitters from $62.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, May 22nd. Robert W. Baird raised Urban Outfitters from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, June 11th. JPMorgan Chase & Co. boosted their price objective on Urban Outfitters from $78.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Glj Research reissued a “sell” rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Finally, Baird R W raised Urban Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Urban Outfitters Stock Up 1.9%

Shares of Urban Outfitters stock opened at $77.82 on Tuesday. The company has a market cap of $6.98 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.32 and a beta of 1.44. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $80.71. The business has a 50 day moving average price of $72.50 and a 200-day moving average price of $61.06.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. Urban Outfitters had a return on equity of 17.98% and a net margin of 7.91%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Transactions at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total value of $1,467,200.00. Following the completion of the sale, the chief financial officer directly owned 5,036 shares of the company’s stock, valued at $369,440.96. This represents a 79.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tricia D. Smith sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total value of $317,340.00. Following the completion of the transaction, the chief executive officer directly owned 13,477 shares of the company’s stock, valued at approximately $950,398.04. This represents a 25.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 159,156 shares of company stock valued at $11,636,158. Corporate insiders own 31.80% of the company’s stock.

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.