Intech Investment Management LLC Boosts Holdings in Urban Outfitters, Inc. $URBN

Key Points

• Intech Investment Management LLC increased its stake in Urban Outfitters, Inc. by 110.6%, owning 65,804 shares worth approximately $3.45 million after purchasing an additional 34,555 shares in Q1.
• Urban Outfitters recently reported quarterly earnings with an EPS of $1.58, surpassing the consensus estimate of $1.44, and revenue of $1.50 billion, reflecting an 11.3% year-over-year increase.
• The company's stock is currently down 5.6% and has a market cap of $6.07 billion, with a 52-week trading range between $34.76 and $80.71.

Intech Investment Management LLC lifted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 110.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,804 shares of the apparel retailer's stock after purchasing an additional 34,555 shares during the period. Intech Investment Management LLC owned approximately 0.07% of Urban Outfitters worth $3,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nuveen LLC purchased a new stake in Urban Outfitters during the 1st quarter worth about $43,769,000. Wedge Capital Management L L P NC purchased a new position in shares of Urban Outfitters in the 1st quarter valued at about $40,544,000. Boston Partners acquired a new position in shares of Urban Outfitters during the first quarter worth about $18,380,000. Voloridge Investment Management LLC purchased a new stake in shares of Urban Outfitters during the fourth quarter worth approximately $18,513,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Urban Outfitters by 27.6% during the first 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 period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Stock Down 5.6%

NASDAQ URBN opened at $67.71 on Friday. Urban Outfitters, Inc. has a 52-week low of $34.76 and a 52-week high of $80.71. The business's 50-day moving average price is $73.89 and its 200 day moving average price is $63.98. The firm has a market cap of $6.07 billion, a P/E ratio of 13.22, a P/E/G ratio of 1.15 and a beta of 1.29.

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, beating the consensus estimate of $1.44 by $0.14. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate 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 was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 EPS. As a group, analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In related news, Director Mary Egan sold 1,000 shares of the 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 completion of the transaction, the director directly owned 14,250 shares of the company's stock, valued at $999,210. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 31.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on URBN. UBS Group lifted their price target on shares of Urban Outfitters from $78.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. Morgan Stanley lifted their price objective on shares of Urban Outfitters from $82.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and increased their target price for the company from $50.00 to $70.00 in a report on Friday, June 6th. Wall Street Zen cut Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.

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