Financiere des Professionnels Fonds d investissement inc. Invests $299,000 in Urban Outfitters, Inc. $URBN

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired 4,121 shares of Urban Outfitters, valued at approximately $299,000, marking a significant investment during the second quarter.
• Institutional investors and hedge funds own 77.61% of Urban Outfitters stock, reflecting strong confidence in the company from professional investors.
• Urban Outfitters reported earnings of $1.58 per share for the last quarter, exceeding analysts' expectations and showing a revenue increase of 11.3% year-over-year.

Financiere des Professionnels Fonds d investissement inc. bought a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,121 shares of the apparel retailer's stock, valued at approximately $299,000.

Several other institutional investors also recently bought and sold shares of URBN. Nuveen LLC acquired a new stake in shares of Urban Outfitters during the 1st quarter worth $43,769,000. Wedge Capital Management L L P NC acquired a new stake in shares of Urban Outfitters during the 1st quarter worth $40,544,000. Boston Partners acquired a new stake in shares of Urban Outfitters during the 1st quarter worth $18,380,000. Voloridge Investment Management LLC acquired a new stake in shares of Urban Outfitters during the 4th quarter worth $18,513,000. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in shares of Urban Outfitters by 27.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock worth $73,212,000 after buying an additional 302,444 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Down 0.2%

NASDAQ:URBN traded down $0.17 during trading hours on Friday, reaching $71.41. 2,448,865 shares of the company's stock were exchanged, compared to its average volume of 2,273,542. The company has a market capitalization of $6.41 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29. Urban Outfitters, Inc. has a 12 month low of $34.76 and a 12 month high of $80.71. The business's 50-day simple moving average is $73.85 and its two-hundred day simple moving average is $64.45.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.14. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The company's revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. As a group, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays restated an "overweight" rating and set a $89.00 price objective on shares of Urban Outfitters in a report on Friday, August 29th. Jefferies Financial Group upgraded Urban Outfitters from an "underperform" rating to a "hold" rating and increased their price target for the company from $50.00 to $70.00 in a report on Friday, June 6th. UBS Group increased their price target on Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, September 2nd. Citigroup reiterated a "neutral" rating and issued a $76.00 price target (up from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Finally, Wells Fargo & Company increased their price target on shares of Urban Outfitters from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th. One 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 data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $81.91.

Insider Activity

In other news, Director Mary Egan sold 1,000 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director owned 14,250 shares in the company, valued at approximately $999,210. The trade was a 6.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 31.60% 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.