FORA Capital LLC Has $449,000 Stock Holdings in Urban Outfitters, Inc. $URBN

Key Points

• FORA Capital LLC increased its stake in Urban Outfitters by 88.9%, now owning 8,566 shares valued at $449,000 following a purchase of an additional 4,032 shares.
• Urban Outfitters reported earnings of $1.58 per share for the last quarter, exceeding expectations with a revenue of $1.50 billion, an increase of 11.3% year-over-year.
• Several institutional investors, including Nuveen LLC and Wedge Capital Management, have established significant positions in Urban Outfitters, contributing to a total of 77.61% ownership by institutional investors.

FORA Capital LLC lifted its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 88.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 8,566 shares of the apparel retailer's stock after acquiring an additional 4,032 shares during the period. FORA Capital LLC's holdings in Urban Outfitters were worth $449,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URBN. Nuveen LLC bought a new position in shares of Urban Outfitters during the 1st quarter worth about $43,769,000. Wedge Capital Management L L P NC bought a new stake in shares of Urban Outfitters in the 1st quarter worth about $40,544,000. Boston Partners bought a new stake in shares of Urban Outfitters in the 1st quarter worth about $18,380,000. Voloridge Investment Management LLC bought a new stake in shares of Urban Outfitters in the 4th quarter worth about $18,513,000. Finally, Fuller & Thaler Asset Management Inc. grew its holdings 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 purchasing an additional 302,444 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total value of $317,340.00. Following the sale, the chief executive officer owned 13,477 shares of the company's stock, valued at $950,398.04. This trade represents a 25.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 31.80% of the company's stock.

Urban Outfitters Stock Down 0.4%

URBN stock traded down $0.29 during midday trading on Tuesday, reaching $66.79. The stock had a trading volume of 1,466,835 shares, compared to its average volume of 2,150,890. The business has a fifty day simple moving average of $74.15 and a two-hundred day simple moving average of $63.06. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.08 and a beta of 1.29. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share 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 for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

URBN has been the topic of several analyst reports. 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. Barclays reaffirmed an "overweight" rating and issued a $89.00 target price on shares of Urban Outfitters in a report on Friday. BMO Capital Markets set a $76.00 target price on shares of Urban Outfitters and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Jefferies Financial Group raised shares of Urban Outfitters from an "underperform" rating to a "hold" rating and upped their target price for the stock from $50.00 to $70.00 in a report on Friday, June 6th. Finally, Baird R W upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Urban Outfitters presently has a consensus rating of "Hold" and a consensus 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.