Ground Swell Capital LLC Buys Shares of 5,822 Urban Outfitters, Inc. (NASDAQ:URBN)

Ground Swell Capital LLC purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,822 shares of the apparel retailer’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Urban Outfitters by 9.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,842 shares of the apparel retailer’s stock valued at $558,000 after acquiring an additional 1,129 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in Urban Outfitters by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 49,534 shares of the apparel retailer’s stock worth $2,151,000 after buying an additional 646 shares during the last quarter. SG Americas Securities LLC grew its holdings in Urban Outfitters by 22.7% in the 1st quarter. SG Americas Securities LLC now owns 13,786 shares of the apparel retailer’s stock valued at $599,000 after buying an additional 2,549 shares during the period. NorthRock Partners LLC purchased a new position in shares of Urban Outfitters during the 1st quarter worth about $276,000. Finally, ProShare Advisors LLC grew its holdings in Urban Outfitters by 7.5% in the first quarter. ProShare Advisors LLC now owns 12,712 shares of the apparel retailer’s stock valued at $552,000 after purchasing an additional 889 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Down 0.7 %

URBN opened at $35.69 on Monday. The company’s 50-day moving average price is $36.58 and its 200 day moving average price is $40.21. Urban Outfitters, Inc. has a fifty-two week low of $31.37 and a fifty-two week high of $48.90. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.87 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (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 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 quarter in the previous year, the firm posted $1.10 EPS. Research analysts anticipate that Urban Outfitters, Inc. will post 3.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

URBN has been the topic of a number of research reports. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Telsey Advisory Group downgraded Urban Outfitters from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $49.00 to $44.00 in a research report on Thursday, August 22nd. Barclays reduced their price target on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. Morgan Stanley lowered their price objective 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. Finally, Jefferies Financial Group decreased their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.30.

Insiders Place Their Bets

In other news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was 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 Securities & Exchange Commission, which is available through this link. 31.80% of the stock is owned by insiders.

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.