5,888 Shares in Urban Outfitters, Inc. $URBN Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 5,888 shares of Urban Outfitters, valued at approximately $427,000, indicating growing institutional interest in the apparel retailer.
• Urban Outfitters reported a 12-month high of $80.71 and a quarterly revenue growth of 11.3%, with an EPS of $1.58 that surpassed estimates.
• Recent analyst ratings show a general optimism with multiple firms raising their price targets, including Bank of America increasing theirs from $90.00 to $93.00.

Counterpoint Mutual Funds LLC purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,888 shares of the apparel retailer's stock, valued at approximately $427,000.

A number of other institutional investors also recently made changes to their positions in the business. Whipplewood Advisors LLC boosted its stake in shares of Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock valued at $25,000 after buying an additional 463 shares during the last quarter. Federated Hermes Inc. raised its holdings in Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock valued at $36,000 after acquiring an additional 687 shares in the last quarter. Virtus Advisers LLC bought a new position in Urban Outfitters during the 1st quarter valued at $46,000. Exchange Traded Concepts LLC acquired a new position in Urban Outfitters during the 1st quarter worth $52,000. Finally, GAMMA Investing LLC increased its position in shares of Urban Outfitters by 34.7% in 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on URBN. Citigroup reaffirmed a "neutral" rating and set a $76.00 price target (up previously from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. Baird R W raised Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. boosted their price target on Urban Outfitters from $88.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Bank of America upped their price target on Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Wall Street Zen raised shares of Urban Outfitters from a "buy" rating to a "strong-buy" rating in a report on Saturday. One research 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $81.91.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $72.05 on Wednesday. Urban Outfitters, Inc. has a 12-month low of $34.76 and a 12-month high of $80.71. The stock has a market capitalization of $6.46 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.29. The firm has a 50 day simple moving average of $73.89 and a 200-day simple moving average of $64.70.

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

Insiders Place Their Bets

In related news, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director directly owned 14,250 shares of the company's stock, valued at $999,210. The trade was a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 31.80% of the stock is owned by corporate insiders.

Urban Outfitters 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.

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