Diversified Trust Co Acquires 4,206 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Diversified Trust Co raised its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 29.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,478 shares of the apparel retailer’s stock after acquiring an additional 4,206 shares during the quarter. Diversified Trust Co’s holdings in Urban Outfitters were worth $802,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of URBN. Parallel Advisors LLC lifted its holdings in Urban Outfitters by 89.7% in the fourth 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 period. Spire Wealth Management lifted its holdings in Urban Outfitters by 3,700.0% in the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after acquiring an additional 1,110 shares during the period. Neo Ivy Capital Management bought a new position in Urban Outfitters in the third quarter valued at about $81,000. Headlands Technologies LLC bought a new position in Urban Outfitters in the fourth quarter valued at about $150,000. Finally, TFO Wealth Partners LLC lifted its holdings in Urban Outfitters by 26,563.2% in the fourth quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock valued at $178,000 after acquiring an additional 5,047 shares during the period. Institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on URBN shares. Robert W. Baird increased their target price on Urban Outfitters from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Telsey Advisory Group upped their price target on Urban Outfitters from $48.00 to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. Morgan Stanley upped 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. Finally, Jefferies Financial Group upped their price target on Urban Outfitters from $32.00 to $35.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.18.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, insider Azeez Hayne sold 13,967 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $41.78, for a total transaction of $583,541.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 31.80% of the stock is currently owned by company insiders.

Urban Outfitters Trading Up 0.5 %

NASDAQ:URBN opened at $42.75 on Wednesday. The stock has a market capitalization of $3.99 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.01 and a beta of 1.51. The stock has a 50-day moving average price of $41.82 and a 200 day moving average price of $40.77. Urban Outfitters, Inc. has a 12-month low of $30.05 and a 12-month high of $47.29.

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

About Urban Outfitters

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.