Junto Capital Management LP Buys 244,801 Shares of Urban Outfitters, Inc. $URBN

Key Points

• Junto Capital Management LP increased its stake in Urban Outfitters by 16.5%, acquiring an additional 244,801 shares, bringing their total ownership to 1,728,447 shares.
• Several hedge funds, including Envestnet Asset Management and Raymond James, have recently adjusted their holdings in Urban Outfitters, with institutional investors now owning 77.61% of the company's stock.
• Urban Outfitters reported a net margin of 8.15% and a year-over-year revenue increase of 11.3%, with earnings per share of $1.58, surpassing analysts' expectations.

Junto Capital Management LP boosted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 16.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,728,447 shares of the apparel retailer's stock after acquiring an additional 244,801 shares during the quarter. Urban Outfitters accounts for about 1.9% of Junto Capital Management LP's investment portfolio, making the stock its 12th largest holding. Junto Capital Management LP owned approximately 1.87% of Urban Outfitters worth $90,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Whipplewood Advisors LLC increased its stake in Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after purchasing an additional 463 shares during the period. Federated Hermes Inc. grew its holdings in shares of Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 687 shares during the last quarter. Virtus Advisers LLC purchased a new position in shares of Urban Outfitters in the first quarter worth $46,000. Exchange Traded Concepts LLC purchased a new position in shares of Urban Outfitters in the first quarter worth $52,000. Finally, GAMMA Investing LLC raised its holdings in Urban Outfitters by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after buying an additional 263 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters stock in a transaction dated 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 transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 31.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on URBN. BMO Capital Markets set a $76.00 price target on shares of Urban Outfitters and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Jefferies Financial Group upgraded shares of Urban Outfitters from an "underperform" rating to a "hold" rating and increased their target price for the stock from $50.00 to $70.00 in a report on Friday, June 6th. 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. UBS Group upped their price target on Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Robert W. Baird upgraded Urban Outfitters from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $81.91.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded up $0.53 during mid-day trading on Tuesday, hitting $67.61. 2,880,657 shares of the stock traded hands, compared to its average volume of 2,159,722. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 1.08 and a beta of 1.29. The stock has a fifty day moving average price of $74.15 and a 200-day moving average price of $63.06. 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 posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

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.