Jacobs Levy Equity Management Inc. Makes New Investment in Urban Outfitters, Inc. $URBN

Key Points

• Jacobs Levy Equity Management Inc. acquired 37,745 shares of Urban Outfitters, Inc. for approximately $1,978,000 in the first quarter of the year.
• Several other institutional investors, including Boothbay Fund Management and Graham Capital Management, have significantly increased their stakes in Urban Outfitters, indicating strong interest in the company among large investors.
• Wall Street analysts have shown optimism towards Urban Outfitters, with multiple firms raising their target prices and issuing ratings ranging from "Buy" to "Outperform," reflecting a consensus rating of "Hold" with an average price target of $81.91.

Jacobs Levy Equity Management Inc. acquired a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 37,745 shares of the apparel retailer's stock, valued at approximately $1,978,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised 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 in the last quarter. Junto Capital Management LP raised 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 in the last quarter. Fuller & Thaler Asset Management Inc. raised 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 in the last quarter. Nuveen LLC bought a new stake in shares of Urban Outfitters in the 1st quarter worth $43,769,000. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Urban Outfitters in the 1st quarter worth $40,544,000. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Stock Performance

NASDAQ:URBN traded down $1.64 during trading hours on Tuesday, hitting $70.33. 1,339,004 shares of the company's stock traded hands, compared to its average volume of 2,352,858. The firm has a market cap of $6.31 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.15 and a beta of 1.29. Urban Outfitters, Inc. has a twelve month low of $34.76 and a twelve month high of $80.71. The stock's fifty day moving average price is $73.92 and its two-hundred day moving average price is $64.17.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly 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. The firm 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%.Urban Outfitters's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 earnings per share. On average, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Mary Egan sold 1,000 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director directly owned 14,250 shares of the company's stock, valued at approximately $999,210. The trade was a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on URBN shares. Morgan Stanley boosted their price objective on Urban Outfitters from $82.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Robert W. Baird raised Urban Outfitters from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, June 11th. Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and boosted their target price for the stock from $50.00 to $70.00 in a research report on Friday, June 6th. Wells Fargo & Company boosted their target price on Urban Outfitters from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th. Finally, BMO Capital Markets set a $76.00 target price on Urban Outfitters and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.