25,616 Shares in Urban Outfitters, Inc. $URBN Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP acquired 25,616 shares of Urban Outfitters, Inc., valued at about $1.34 million, indicating growing institutional interest in the apparel retailer's stock.
• Urban Outfitters reported earnings of $1.58 per share, exceeding analysts' expectations of $1.44, along with an 11.3% year-over-year revenue increase to $1.50 billion.
• Analyst recommendations are mixed, with nine ratings indicating a "Buy" or "Strong Buy," but the average price target for the stock stands at $81.91.

Caxton Associates LLP acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 25,616 shares of the apparel retailer's stock, valued at approximately $1,342,000.

Several other institutional investors have also recently modified their holdings of the stock. GSA Capital Partners LLP raised its position in shares of Urban Outfitters by 2.0% during the 1st quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock worth $545,000 after purchasing an additional 203 shares during the last quarter. Xponance Inc. raised its position in shares of Urban Outfitters by 4.9% during the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock worth $251,000 after purchasing an additional 222 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Urban Outfitters by 1.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock worth $1,011,000 after purchasing an additional 228 shares during the last quarter. US Bancorp DE raised its position in shares of Urban Outfitters by 16.4% during the 1st quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock worth $97,000 after purchasing an additional 262 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Urban Outfitters by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after purchasing an additional 263 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Down 1.3%

Shares of NASDAQ URBN opened at $72.09 on Wednesday. The firm has a fifty day moving average of $74.11 and a 200-day moving average of $63.63. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $80.71. The stock has a market capitalization of $6.46 billion, a PE ratio of 14.08, a P/E/G ratio of 1.17 and a beta of 1.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The firm had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the prior year, the company earned $1.24 EPS. The firm's revenue was up 11.3% on a year-over-year basis. Equities research analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on URBN. Citigroup reiterated a "neutral" rating and issued a $76.00 price target (up from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Baird R W upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Wells Fargo & Company boosted their price target on Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Morgan Stanley boosted their price target on Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Finally, Barclays reiterated an "overweight" rating and issued a $89.00 price target on shares of Urban Outfitters in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $81.91.

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.

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