Quarry LP Purchases 876 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Quarry LP boosted its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 1,825.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 924 shares of the apparel retailer’s stock after acquiring an additional 876 shares during the period. Quarry LP’s holdings in Urban Outfitters were worth $38,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UniSuper Management Pty Ltd bought a new stake in Urban Outfitters in the 1st quarter worth $537,000. Harbor Capital Advisors Inc. lifted its position in shares of Urban Outfitters by 287.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock worth $1,901,000 after purchasing an additional 34,350 shares during the period. Wesbanco Bank Inc. purchased a new stake in shares of Urban Outfitters in the 2nd quarter worth about $582,000. Nisa Investment Advisors LLC lifted its position in shares of Urban Outfitters by 5.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock worth $412,000 after purchasing an additional 531 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in shares of Urban Outfitters by 100.7% in the 1st quarter. Los Angeles Capital Management LLC now owns 42,342 shares of the apparel retailer’s stock worth $1,838,000 after purchasing an additional 21,248 shares during the period. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $37.26 on Friday. The firm has a market cap of $3.44 billion, a P/E ratio of 11.90, a P/E/G ratio of 0.89 and a beta of 1.49. Urban Outfitters, Inc. has a fifty-two week low of $30.67 and a fifty-two week high of $48.90. The firm has a 50-day simple moving average of $38.52 and a two-hundred day simple moving average of $40.93.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share 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 analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. Urban Outfitters’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $1.10 EPS. On average, equities research analysts predict that Urban Outfitters, Inc. will post 3.63 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the transaction, the director now directly owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The disclosure for this sale can be found here. 31.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Telsey Advisory Group cut shares of Urban Outfitters from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $49.00 to $44.00 in a research report on Thursday, August 22nd. Bank of America dropped their target price on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Morgan Stanley dropped their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. BMO Capital Markets lowered their price target on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. Finally, Barclays lowered their price target on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.30.

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.