Prospera Financial Services Inc Has $327,000 Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Prospera Financial Services Inc boosted its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 7.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,537 shares of the apparel retailer’s stock after acquiring an additional 607 shares during the period. Prospera Financial Services Inc’s holdings in Urban Outfitters were worth $327,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. QRG Capital Management Inc. boosted its holdings in Urban Outfitters by 2.4% during the second quarter. QRG Capital Management Inc. now owns 9,327 shares of the apparel retailer’s stock worth $383,000 after buying an additional 221 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in Urban Outfitters by 2.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock worth $384,000 after acquiring an additional 258 shares during the last quarter. Signaturefd LLC grew its holdings in Urban Outfitters by 15.5% during the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock valued at $92,000 after purchasing an additional 299 shares during the period. Blue Trust Inc. increased its stake in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Urban Outfitters by 2.4% in the second quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock worth $697,000 after purchasing an additional 401 shares during the period. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $38.98 on Monday. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 0.92 and a beta of 1.50. The firm has a 50-day moving average of $37.11 and a 200-day moving average of $40.07. Urban Outfitters, Inc. has a one year low of $31.41 and a one year high of $48.90.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company dropped their price objective on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Jefferies Financial Group cut their price objective on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Bank of America lowered their target price on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Barclays cut their price target on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, August 22nd. Finally, StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Urban Outfitters has an average rating of “Hold” and a consensus target price of $42.27.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 31.80% of the company’s stock.

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.