4,195 Shares in Urban Outfitters, Inc. $URBN Purchased by Delphi Management Inc. MA

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 purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,195 shares of the apparel retailer's stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whipplewood Advisors LLC lifted its holdings in Urban Outfitters by 2,893.8% in the first 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 period. Federated Hermes Inc. boosted its position in shares of Urban Outfitters by 17,175.0% during the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 687 shares in the last quarter. Virtus Advisers LLC bought a new stake in shares of Urban Outfitters during the 1st quarter valued at about $46,000. Exchange Traded Concepts LLC bought a new stake in shares of Urban Outfitters during the 1st quarter valued at about $52,000. Finally, GAMMA Investing LLC boosted its position 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 valued at $54,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Price Performance

Shares of URBN traded down $0.99 during mid-day trading on Friday, hitting $70.59. The stock had a trading volume of 442,839 shares, compared to its average volume of 2,132,830. The firm has a market cap of $6.33 billion, a P/E ratio of 13.82, a PEG ratio of 1.11 and a beta of 1.29. The business has a fifty day moving average price of $73.86 and a 200-day moving average price of $64.30. Urban Outfitters, Inc. has a 52 week low of $34.76 and a 52 week high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the previous year, the business posted $1.24 EPS. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of the business's stock in a transaction 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 sale, the director owned 14,250 shares of the company's stock, valued at $999,210. The trade was a 6.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 31.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on URBN shares. Wall Street Zen cut Urban Outfitters from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Baird R W raised shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Wells Fargo & Company increased their target price 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 increased their price objective on shares of Urban Outfitters from $82.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Finally, Citigroup reissued a "neutral" rating and set a $76.00 price objective (up previously from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $81.91.

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.