Fairvoy Private Wealth LLC Invests $1.01 Million in Urban Outfitters, Inc. $URBN

Key Points

• Fairvoy Private Wealth LLC has invested $1.01 million in Urban Outfitters, acquiring 13,899 shares, marking a significant addition to their portfolio during the second quarter.
• Urban Outfitters reported earnings of $1.58 per share for the last quarter, exceeding expectations by $0.14, with a revenue increase of 11.3% year-over-year.
• Currently, analysts have a consensus rating of "Moderate Buy" for Urban Outfitters, with a target price averaging $81.91.

Fairvoy Private Wealth LLC acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,899 shares of the apparel retailer's stock, valued at approximately $1,008,000.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in Urban Outfitters by 313.4% in the first quarter. SG Americas Securities LLC now owns 23,342 shares of the apparel retailer's stock valued at $1,223,000 after buying an additional 17,696 shares during the last quarter. HighTower Advisors LLC purchased a new position in Urban Outfitters in the first quarter valued at $241,000. Exchange Traded Concepts LLC purchased a new position in Urban Outfitters in the first quarter valued at $52,000. Janney Montgomery Scott LLC purchased a new position in Urban Outfitters in the first quarter valued at $1,094,000. Finally, GAMMA Investing LLC increased its holdings in Urban Outfitters by 6,955.7% in the first quarter. GAMMA Investing LLC now owns 53,553 shares of the apparel retailer's stock valued at $2,806,000 after buying an additional 52,794 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

Urban Outfitters Stock Performance

Shares of URBN opened at $72.85 on Friday. Urban Outfitters, Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $80.71. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. The firm has a 50-day simple moving average of $73.67 and a 200-day simple moving average of $65.77.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The business's quarterly revenue was up 11.3% compared to the same quarter last year. Equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley increased their target price on Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Wall Street Zen downgraded shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 28th. Baird R W upgraded shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Weiss Ratings restated a "buy (b)" rating on shares of Urban Outfitters in a research note on Saturday, September 27th. Finally, UBS Group upped their price objective on shares of Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Urban Outfitters has an average rating of "Moderate Buy" and a consensus target price of $81.91.

Insider Buying and Selling at Urban Outfitters

In related news, Director Mary Egan sold 1,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of the sale, the director owned 14,250 shares in the company, valued at $999,210. This trade represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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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