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

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Urban Outfitters by 11.2% in the 1st quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer's stock worth $121,700,000 after buying an additional 233,371 shares during the last quarter. Junto Capital Management LP grew its stake in shares of Urban Outfitters by 16.5% in the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer's stock worth $90,571,000 after buying an additional 244,801 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Urban Outfitters by 27.6% in 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. Nuveen LLC purchased a new stake in Urban Outfitters during the 1st quarter valued at $43,769,000. Finally, Wedge Capital Management L L P NC purchased a new stake in Urban Outfitters during the 1st quarter valued at $40,544,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

Urban Outfitters Trading Up 2.1%

Shares of URBN traded up $1.49 during midday trading on Thursday, hitting $71.58. 1,296,014 shares of the company's stock traded hands, compared to its average volume of 2,290,267. Urban Outfitters, Inc. has a 1 year low of $34.76 and a 1 year high of $80.71. The firm's fifty day moving average is $73.86 and its 200-day moving average is $64.30. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on URBN. Telsey Advisory Group increased their price target on Urban Outfitters from $72.00 to $80.00 and gave the company a "market perform" rating in a report on Thursday, August 28th. Baird R W upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. boosted their price objective on Urban Outfitters from $88.00 to $89.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Barclays reaffirmed an "overweight" rating and issued a $89.00 target price on shares of Urban Outfitters in a report on Friday, August 29th. Finally, Wells Fargo & Company lifted their target price on Urban Outfitters from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Urban Outfitters presently has an average rating of "Hold" and a consensus price target of $81.91.

Insider Activity at Urban Outfitters

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

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.