Boothbay Fund Management LLC Purchases 84,430 Shares of Urban Outfitters, Inc. $URBN

Key Points

• Boothbay Fund Management LLC increased its stake in Urban Outfitters by 103.3% in Q1, owning 166,179 shares valued at approximately $8.7 million.
• Urban Outfitters reported $1.58 earnings per share for the last quarter, exceeding analysts' estimates of $1.44, and achieved an 11.3% revenue increase year-over-year.
• Current average analyst rating for Urban Outfitters is "Hold," with a target price around $81.91, reflecting mixed sentiments among analysts.

Boothbay Fund Management LLC grew its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 103.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,179 shares of the apparel retailer's stock after buying an additional 84,430 shares during the quarter. Boothbay Fund Management LLC owned 0.18% of Urban Outfitters worth $8,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP raised its stake in Urban Outfitters by 2.0% in the first quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock worth $545,000 after buying an additional 203 shares in the last quarter. Xponance Inc. lifted its stake in Urban Outfitters by 4.9% in the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock valued at $251,000 after buying an additional 222 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Urban Outfitters by 1.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock valued at $1,011,000 after buying an additional 228 shares in the last quarter. US Bancorp DE raised 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 acquiring an additional 262 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings 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 buying an additional 263 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Tricia D. Smith sold 4,500 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total transaction of $317,340.00. Following the completion of the transaction, the chief executive officer directly owned 13,477 shares in the company, valued at $950,398.04. This trade represents a 25.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 31.60% of the company's stock.

Urban Outfitters Trading Down 0.8%

Shares of Urban Outfitters stock traded down $0.58 during trading on Friday, reaching $70.77. The company's stock had a trading volume of 2,111,829 shares, compared to its average volume of 2,222,433. The stock has a market capitalization of $6.34 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $80.71. The stock has a 50-day moving average price of $74.13 and a two-hundred day moving average price of $63.37.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.14. The business had revenue of $1.50 billion during 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%.Urban Outfitters's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 EPS. As a group, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

URBN has been the subject of several recent analyst reports. Wall Street Zen cut shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Glj Research reaffirmed a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. UBS Group upped their price target on shares of Urban Outfitters from $78.00 to $79.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Citigroup reissued a "neutral" rating and issued a $76.00 price objective (up previously from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. Finally, Barclays restated an "overweight" rating and issued a $89.00 target price on shares of Urban Outfitters in a research note on Friday, August 29th. One equities 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.