GAMMA Investing LLC Has $2.81 Million Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

GAMMA Investing LLC raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 6,955.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 53,553 shares of the apparel retailer’s stock after purchasing an additional 52,794 shares during the quarter. GAMMA Investing LLC’s holdings in Urban Outfitters were worth $2,806,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its stake in Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Urban Outfitters by 10.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock worth $146,000 after purchasing an additional 250 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Urban Outfitters by 1.7% during the 4th quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer’s stock worth $847,000 after purchasing an additional 252 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Urban Outfitters by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer’s stock worth $364,000 after purchasing an additional 351 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Urban Outfitters by 2.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,060 shares of the apparel retailer’s stock worth $1,046,000 after purchasing an additional 365 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on URBN shares. UBS Group increased their price target on shares of Urban Outfitters from $54.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 28th. Bank of America increased their price target on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Jefferies Financial Group upgraded shares of Urban Outfitters from an “underperform” rating to a “hold” rating and increased their price target for the stock from $50.00 to $70.00 in a research note on Friday, June 6th. Barclays increased their price target on shares of Urban Outfitters from $59.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 20th. Finally, Glj Research restated a “sell” rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.09.

Insider Buying and Selling

In other Urban Outfitters news, insider Azeez Hayne sold 12,856 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $73.00, for a total value of $938,488.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Margaret Hayne sold 80,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the completion of the sale, the insider now directly owns 100 shares of the company’s stock, valued at approximately $7,259. This trade represents a 99.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 159,156 shares of company stock valued at $11,636,158. Company insiders own 31.60% of the company’s stock.

Urban Outfitters Trading Down 0.1%

NASDAQ URBN opened at $69.17 on Friday. The company has a fifty day simple moving average of $58.60 and a 200 day simple moving average of $55.45. The company has a market cap of $6.41 billion, a P/E ratio of 19.82, a P/E/G ratio of 1.02 and a beta of 1.45. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $75.80.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.35. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Urban Outfitters’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. Equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal 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.