Aviva PLC Takes Position in Urban Outfitters, Inc. $URBN

Aviva PLC bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,765 shares of the apparel retailer's stock, valued at approximately $563,000.

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Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in Urban Outfitters by 11.2% in the 1st quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer's stock worth $121,700,000 after acquiring an additional 233,371 shares during the last quarter. Junto Capital Management LP increased its holdings in Urban Outfitters by 16.5% during the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer's stock valued at $90,571,000 after purchasing an additional 244,801 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in Urban Outfitters by 27.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock valued at $73,212,000 after purchasing an additional 302,444 shares during the period. Nuveen LLC bought a new position in Urban Outfitters during the 1st quarter valued at approximately $43,769,000. Finally, Bank of New York Mellon Corp lifted its holdings in Urban Outfitters by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 454,613 shares of the apparel retailer's stock worth $32,978,000 after buying an additional 6,586 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $63.20 on Friday. Urban Outfitters, Inc. has a one year low of $36.48 and a one year high of $80.71. The company's 50-day simple moving average is $68.61 and its 200 day simple moving average is $69.29. The firm has a market capitalization of $5.67 billion, a P/E ratio of 12.34, a PEG ratio of 1.04 and a beta of 1.28.

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Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm earned $1.24 earnings per share. The business's revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays reissued an "overweight" rating and set a $89.00 target price on shares of Urban Outfitters in a research note on Friday, August 29th. Weiss Ratings reissued a "buy (b)" rating on shares of Urban Outfitters in a research report on Wednesday, October 8th. Zacks Research cut shares of Urban Outfitters from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. lifted their target price on shares of Urban Outfitters from $88.00 to $89.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Finally, Wells Fargo & Company boosted their price target on shares of Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of "Hold" and an average price target of $81.91.

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View Our Latest Stock Analysis on Urban Outfitters

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction on Friday, October 10th. The stock was sold at an average price of $70.46, for a total transaction of $751,596.82. Following the completion of the transaction, the chief executive officer owned 18,027,939 shares in the company, valued at approximately $1,270,248,581.94. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tricia D. Smith sold 3,400 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $69.77, for a total value of $237,218.00. Following the completion of the sale, the chief executive officer directly owned 10,077 shares in the company, valued at approximately $703,072.29. This represents a 25.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 44,400 shares of company stock valued at $3,118,738 in the last 90 days. Corporate insiders own 31.60% of the company's stock.

Urban Outfitters 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.

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