AlphaQuest LLC Boosts Position in Urban Outfitters, Inc. $URBN

Key Points

• AlphaQuest LLC has increased its stake in Urban Outfitters by 433% during the first quarter, now owning 4,957 shares valued at approximately $260,000.
• Urban Outfitters reported $1.50 billion in revenue for the last quarter, exceeding analyst expectations and marking an 11.3% year-over-year increase.
• Several analysts have raised their price targets for Urban Outfitters shares, with a consensus target price of $81.82 and a majority rating of "Hold."

AlphaQuest LLC raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 433.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,957 shares of the apparel retailer's stock after buying an additional 4,027 shares during the quarter. AlphaQuest LLC's holdings in Urban Outfitters were worth $260,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its holdings in Urban Outfitters by 2,893.8% in 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 in the last quarter. Federated Hermes Inc. grew its holdings in Urban Outfitters by 17,175.0% in the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock valued at $36,000 after buying an additional 687 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Urban Outfitters in the 1st quarter valued at $52,000. GAMMA Investing LLC grew its holdings in Urban Outfitters by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after buying an additional 263 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Urban Outfitters by 16.4% in the 1st quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock valued at $97,000 after buying an additional 262 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Stock Up 0.8%

URBN traded up $0.53 during trading on Tuesday, hitting $67.61. 2,880,657 shares of the stock were exchanged, compared to its average volume of 2,159,722. The firm has a market capitalization of $6.06 billion, a P/E ratio of 13.21, a PEG ratio of 1.08 and a beta of 1.29. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $80.71. The stock has a fifty day moving average price of $74.15 and a two-hundred day moving average price of $63.06.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly 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 company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 earnings per share. Analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total transaction of $317,340.00. Following the transaction, the chief executive officer owned 13,477 shares of the company's stock, valued at $950,398.04. The trade was a 25.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 31.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BMO Capital Markets set a $76.00 target price on Urban Outfitters and gave the company a "market perform" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. increased their price target on Urban Outfitters from $88.00 to $89.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. UBS Group increased their price target on Urban Outfitters from $78.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday. Wells Fargo & Company increased their price target on Urban Outfitters from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Thursday, August 28th. Finally, Wall Street Zen cut Urban Outfitters from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.