James Investment Research Inc. Buys 2,620 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

James Investment Research Inc. increased its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 33.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,521 shares of the apparel retailer’s stock after buying an additional 2,620 shares during the quarter. James Investment Research Inc.’s holdings in Urban Outfitters were worth $403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of URBN. Marshall Wace LLP lifted its position in shares of Urban Outfitters by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after buying an additional 1,230,771 shares during the period. Woodson Capital Management LP acquired a new stake in Urban Outfitters during the 1st quarter valued at $27,233,000. Vanguard Group Inc. increased its holdings in Urban Outfitters by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock valued at $349,736,000 after purchasing an additional 382,135 shares in the last quarter. American Century Companies Inc. increased its holdings in Urban Outfitters by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after purchasing an additional 264,708 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in Urban Outfitters during the 2nd quarter valued at $7,685,000. Institutional investors own 77.61% of the company’s stock.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 31.80% of the stock is currently owned by corporate insiders.

Urban Outfitters Stock Down 0.7 %

Shares of Urban Outfitters stock opened at $35.69 on Friday. The business has a fifty day simple moving average of $36.58 and a 200 day simple moving average of $40.20. The stock has a market cap of $3.29 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.87 and a beta of 1.50. Urban Outfitters, Inc. has a 12 month low of $31.37 and a 12 month high of $48.90.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.24. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. Analysts expect that Urban Outfitters, Inc. will post 3.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on URBN. BMO Capital Markets dropped their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, August 22nd. Morgan Stanley dropped their price target on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Bank of America dropped their price target on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Jefferies Financial Group dropped their price target on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. Finally, Wells Fargo & Company lowered their target price on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and a consensus target price of $42.30.

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.