Signaturefd LLC Acquires 724 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Signaturefd LLC increased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 32.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,954 shares of the apparel retailer’s stock after purchasing an additional 724 shares during the quarter. Signaturefd LLC’s holdings in Urban Outfitters were worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. UniSuper Management Pty Ltd bought a new position in Urban Outfitters in the first quarter valued at about $537,000. Harbor Capital Advisors Inc. lifted its holdings in Urban Outfitters by 287.4% in the second quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock valued at $1,901,000 after acquiring an additional 34,350 shares during the period. Wesbanco Bank Inc. bought a new position in Urban Outfitters in the second quarter valued at about $582,000. Nisa Investment Advisors LLC lifted its holdings in Urban Outfitters by 5.6% in the second quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock valued at $412,000 after acquiring an additional 531 shares during the period. Finally, Caxton Associates LP bought a new position in Urban Outfitters in the first quarter valued at about $680,000. Institutional investors own 77.61% of the company’s stock.

Insider Transactions at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 31.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on URBN shares. Telsey Advisory Group cut Urban Outfitters from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $49.00 to $44.00 in a research report on Thursday, August 22nd. Bank of America cut their target price on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research 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 research note on Thursday, August 22nd. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Finally, Wells Fargo & Company dropped their price target 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.30.

Urban Outfitters Trading Up 4.7 %

URBN opened at $36.81 on Tuesday. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 0.85 and a beta of 1.49. Urban Outfitters, Inc. has a 12 month low of $31.37 and a 12 month high of $48.90. The stock has a fifty day moving average price of $36.84 and a 200-day moving average price of $40.28.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.00 by $0.24. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. On average, equities research analysts forecast that Urban Outfitters, Inc. will post 3.63 EPS for the current year.

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.