Bayforest Capital Ltd Takes $442,000 Position in Urban Outfitters, Inc. $URBN

Key Points

• Bayforest Capital Ltd has invested approximately $442,000 in Urban Outfitters, acquiring 8,431 shares during the first quarter.
• Urban Outfitters reported a quarterly earnings per share (EPS) of $1.58, exceeding analyst expectations of $1.44 and marking an 11.3% revenue increase year-over-year.
• As of now, Urban Outfitters has a market capitalization of $6.46 billion, with institutional investors owning 77.61% of the company's stock.

Bayforest Capital Ltd bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,431 shares of the apparel retailer's stock, valued at approximately $442,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Urban Outfitters by 11.2% during the 1st quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer's stock worth $121,700,000 after buying an additional 233,371 shares in the last quarter. Junto Capital Management LP grew its stake in Urban Outfitters by 16.5% in the first quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer's stock worth $90,571,000 after purchasing an additional 244,801 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Urban Outfitters by 27.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock valued at $73,212,000 after buying an additional 302,444 shares during the last quarter. Nuveen LLC bought a new position in shares of Urban Outfitters in the first quarter valued at $43,769,000. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Urban Outfitters during the 1st quarter valued at $40,544,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Price Performance

Shares of NASDAQ URBN traded up $3.07 during midday trading on Monday, reaching $70.78. 740,116 shares of the stock traded hands, compared to its average volume of 2,150,181. The stock has a market capitalization of $6.35 billion, a PE ratio of 13.86, a P/E/G ratio of 1.09 and a beta of 1.29. Urban Outfitters, Inc. has a one year low of $34.76 and a one year high of $80.71. The company's 50 day moving average is $73.89 and its 200 day moving average is $64.03.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company posted $1.24 earnings per share. Urban Outfitters's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on URBN shares. Wells Fargo & Company upped their price objective on shares of Urban Outfitters from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 28th. Morgan Stanley lifted their price objective on shares of Urban Outfitters from $82.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Robert W. Baird raised shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $75.00 to $90.00 in a report on Wednesday, June 11th. Jefferies Financial Group upgraded shares of Urban Outfitters from an "underperform" rating to a "hold" rating and boosted their target price for the company from $50.00 to $70.00 in a research report on Friday, June 6th. Finally, Citigroup reiterated a "neutral" rating and issued a $76.00 target price (up previously from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $81.91.

Insider Buying and Selling

In related news, Director Mary Egan sold 1,000 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of the transaction, the director directly owned 14,250 shares of the company's stock, valued at approximately $999,210. This represents a 6.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 31.80% of the company's stock.

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.