Robeco Institutional Asset Management B.V. Acquires 168,137 Shares of Urban Outfitters, Inc. (URBN)

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 72.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 398,732 shares of the apparel retailer’s stock after purchasing an additional 168,137 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.37% of Urban Outfitters worth $17,762,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Sei Investments Co. grew its holdings in Urban Outfitters by 116.6% in the 2nd quarter. Sei Investments Co. now owns 48,660 shares of the apparel retailer’s stock worth $2,168,000 after acquiring an additional 26,196 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in Urban Outfitters in the 2nd quarter worth $214,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Urban Outfitters in the 2nd quarter worth $967,000. KBC Group NV grew its holdings in Urban Outfitters by 221.6% in the 2nd quarter. KBC Group NV now owns 394,216 shares of the apparel retailer’s stock worth $17,562,000 after acquiring an additional 271,632 shares during the last quarter. Finally, LMR Partners LLP bought a new stake in Urban Outfitters in the 2nd quarter worth $402,000. 67.72% of the stock is currently owned by institutional investors.

In related news, Director Joel S. Lawson III sold 10,000 shares of Urban Outfitters stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $45.66, for a total transaction of $456,600.00. Following the completion of the transaction, the director now directly owns 17,000 shares of the company’s stock, valued at approximately $776,220. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert H. Strouse sold 80,000 shares of Urban Outfitters stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $42.21, for a total transaction of $3,376,800.00. Following the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at $5,065,200. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,777 shares of company stock valued at $5,071,520. 25.90% of the stock is currently owned by corporate insiders.

A number of brokerages have issued reports on URBN. Robert W. Baird lowered shares of Urban Outfitters to a “neutral” rating in a report on Tuesday. They noted that the move was a valuation call. Loop Capital set a $55.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a report on Monday. Telsey Advisory Group raised their price target on shares of Urban Outfitters from $42.00 to $53.00 and gave the stock a “market perform” rating in a report on Tuesday, June 12th. Wedbush started coverage on shares of Urban Outfitters in a research report on Thursday, July 12th. They issued a “neutral” rating and a $50.00 target price for the company. Finally, BidaskClub raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $41.54.

Shares of NASDAQ URBN opened at $47.40 on Tuesday. Urban Outfitters, Inc. has a 1 year low of $16.68 and a 1 year high of $49.00. The stock has a market cap of $5.25 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 1.61 and a beta of 0.46.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, May 22nd. The apparel retailer reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.08. Urban Outfitters had a net margin of 3.71% and a return on equity of 16.13%. The company had revenue of $855.70 million during the quarter, compared to analysts’ expectations of $837.79 million. During the same period last year, the company posted $0.13 EPS. Urban Outfitters’s revenue was up 12.4% on a year-over-year basis. equities analysts anticipate that Urban Outfitters, Inc. will post 2.5 earnings per share for the current year.

About Urban Outfitters

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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