Graham Capital Management L.P. Buys New Stake in Urban Outfitters, Inc. $URBN

Key Points

• Graham Capital Management L.P. has acquired a new stake in Urban Outfitters, purchasing 82,637 shares valued at around $4.33 million, representing 0.09% ownership.
• Urban Outfitters reported a quarterly earnings of $1.58 per share, exceeding estimates, alongside a revenue of $1.50 billion, up 11.3% year-over-year.
• Recent analyst ratings show a bullish sentiment, with price target increases from several firms, including UBS and Bank of America, reflecting rising confidence in the company's performance.

Graham Capital Management L.P. purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 82,637 shares of the apparel retailer's stock, valued at approximately $4,330,000. Graham Capital Management L.P. owned 0.09% of Urban Outfitters at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quarry LP boosted its stake in Urban Outfitters by 146.2% during the 1st quarter. Quarry LP now owns 1,418 shares of the apparel retailer's stock valued at $74,000 after purchasing an additional 842 shares during the period. Junto Capital Management LP lifted its holdings in shares of Urban Outfitters by 16.5% during the first 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. Panagora Asset Management Inc. boosted its position in shares of Urban Outfitters by 5.7% in the first quarter. Panagora Asset Management Inc. now owns 367,013 shares of the apparel retailer's stock valued at $19,231,000 after acquiring an additional 19,934 shares during the period. State of Wyoming boosted its position in shares of Urban Outfitters by 17.2% in the first quarter. State of Wyoming now owns 3,309 shares of the apparel retailer's stock valued at $173,000 after acquiring an additional 486 shares during the period. Finally, Landscape Capital Management L.L.C. grew its stake in shares of Urban Outfitters by 66.8% in the first quarter. Landscape Capital Management L.L.C. now owns 158,756 shares of the apparel retailer's stock worth $8,319,000 after acquiring an additional 63,567 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Stock Performance

Shares of URBN opened at $67.08 on Monday. The business's fifty day moving average price is $74.14 and its two-hundred day moving average price is $62.99. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.08 and a beta of 1.29. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $80.71.

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

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total transaction of $317,340.00. Following the completion of the sale, the chief executive officer directly owned 13,477 shares of the company's stock, valued at $950,398.04. The trade was a 25.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 31.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group increased their price target on shares of Urban Outfitters from $75.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Bank of America increased their target price on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a research note on Thursday. Telsey Advisory Group raised their price objective on Urban Outfitters from $72.00 to $80.00 and gave the stock a "market perform" rating in a research report on Thursday. Baird R W raised Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Finally, Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and boosted their price objective for the stock from $50.00 to $70.00 in a research note on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $81.82.

Urban Outfitters Company 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.

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