Delphi Management Inc. MA Acquires New Position in Urban Outfitters, Inc. $URBN

Key Points

• Delphi Management Inc. acquired a new stake in Urban Outfitters, purchasing 4,195 shares valued at approximately $304,000 during the 2nd quarter.
• Urban Outfitters recently reported earnings of $1.58 per share, exceeding estimates and marking an 11.3% year-over-year revenue increase to $1.50 billion.
• Analysts have mixed views on Urban Outfitters, with an average rating of "Hold" and target prices ranging from $78 to $93 following various upgrades and downgrades.

Delphi Management Inc. MA bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,195 shares of the apparel retailer's stock, valued at approximately $304,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of URBN. Voya Investment Management LLC grew its holdings in shares of Urban Outfitters by 33.9% in the 1st quarter. Voya Investment Management LLC now owns 60,216 shares of the apparel retailer's stock worth $3,155,000 after purchasing an additional 15,252 shares during the last quarter. Strs Ohio bought a new stake in shares of Urban Outfitters in the 1st quarter worth about $461,000. Acadian Asset Management LLC grew its holdings in shares of Urban Outfitters by 354.6% in the 1st quarter. Acadian Asset Management LLC now owns 206,454 shares of the apparel retailer's stock worth $10,813,000 after purchasing an additional 161,039 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Urban Outfitters by 110.6% in the 1st quarter. Intech Investment Management LLC now owns 65,804 shares of the apparel retailer's stock worth $3,448,000 after purchasing an additional 34,555 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in shares of Urban Outfitters in the 1st quarter worth about $442,000. Institutional investors own 77.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Urban Outfitters from $78.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, September 2nd. Glj Research reaffirmed a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Wall Street Zen lowered shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upped their target price on shares of Urban Outfitters from $88.00 to $89.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Finally, Bank of America upped their target price on shares of Urban Outfitters from $90.00 to $93.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $81.91.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $67.71 on Friday. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 1.15 and a beta of 1.29. The firm's 50 day simple moving average is $73.89 and its 200 day simple moving average is $63.98. Urban Outfitters, Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $80.71.

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, beating 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 business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company posted $1.24 EPS. Urban Outfitters's revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In other news, Director Mary Egan sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the completion of the transaction, the director directly owned 14,250 shares of the company's stock, valued at $999,210. This trade represents a 6.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 31.60% of the company's stock.

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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