37,745 Shares in Urban Outfitters, Inc. $URBN Acquired by Jacobs Levy Equity Management Inc.

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. bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 37,745 shares of the apparel retailer's stock, valued at approximately $1,978,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of URBN. Nuveen LLC acquired a new stake in shares of Urban Outfitters during the first quarter worth about $43,769,000. Wedge Capital Management L L P NC acquired a new stake in shares of Urban Outfitters during the first quarter worth about $40,544,000. Boston Partners acquired a new stake in shares of Urban Outfitters during the first quarter worth about $18,380,000. Voloridge Investment Management LLC acquired a new stake in shares of Urban Outfitters during the fourth quarter worth about $18,513,000. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings 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 purchasing an additional 302,444 shares during the period. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Stock Down 5.6%

Shares of Urban Outfitters stock traded down $3.99 on Friday, reaching $67.71. The company's stock had a trading volume of 1,758,060 shares, compared to its average volume of 2,331,273. The company has a market capitalization of $6.07 billion, a P/E ratio of 13.22, a PEG ratio of 1.15 and a beta of 1.29. Urban Outfitters, Inc. has a 52-week low of $34.76 and a 52-week high of $80.71. The stock has a 50-day moving average price of $73.89 and a 200-day moving average price of $63.91.

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 analysts' consensus estimates of $1.44 by $0.14. The business had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The business's revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share. Sell-side analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Activity at Urban Outfitters

In other news, Director Mary Egan sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of the sale, the director directly owned 14,250 shares in the company, valued at $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 available through this link. 31.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on URBN shares. UBS Group boosted their price target on Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. boosted their price target on Urban Outfitters from $88.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Baird R W raised Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Glj Research reissued a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Finally, Morgan Stanley boosted their price target on Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $81.91.

About Urban Outfitters

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.