Jupiter Topco LLC Invests $1.76 Million in Urban Outfitters, Inc. $URBN

Key Points

• Jupiter Topco initiated a $1.76 million position in Urban Outfitters by purchasing 24,909 shares during the second quarter. Institutional investors collectively own 77.61% of the company.
• Urban Outfitters reported quarterly revenue of $1.66 billion, up 10.4% year over year, while earnings of $1.72 per share matched analyst expectations.
• The stock rose 2.3% to $80.58, and analysts maintain a “Moderate Buy” consensus with an average price target of $90.64; recent targets range as high as $110.

Jupiter Topco LLC purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,909 shares of the apparel retailer's stock, valued at approximately $1,765,000.

Several other institutional investors also recently added to or reduced their stakes in URBN. BlackRock Inc. bought a new stake in Urban Outfitters in the second quarter worth about $615,160,000. Dimensional Fund Advisors LP grew its position in shares of Urban Outfitters by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer's stock valued at $273,274,000 after acquiring an additional 338,622 shares during the period. Abrams Bison Investments LLC bought a new position in shares of Urban Outfitters during the 4th quarter valued at approximately $127,114,000. Geode Capital Management LLC increased its stake in shares of Urban Outfitters by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,507,027 shares of the apparel retailer's stock worth $113,434,000 after purchasing an additional 35,244 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in shares of Urban Outfitters by 33.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer's stock worth $97,646,000 after purchasing an additional 327,453 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Trading Up 2.3%

Shares of URBN stock opened at $80.58 on Friday. The stock has a market capitalization of $6.90 billion, a P/E ratio of 12.57, a PEG ratio of 1.24 and a beta of 1.26. The firm's 50 day moving average is $74.68 and its 200 day moving average is $71.12. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $85.43.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $1.72 earnings per share for the quarter, meeting analysts' consensus estimates of $1.72. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business earned $1.58 EPS. Urban Outfitters's revenue was up 10.4% compared to the same quarter last year. On average, equities analysts predict that Urban Outfitters, Inc. will post 6.16 EPS for the current year.

Analysts Set New Price Targets

URBN has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on Urban Outfitters from $75.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, August 27th. Morgan Stanley reissued an "overweight" rating and issued a $90.00 target price on shares of Urban Outfitters in a research report on Thursday, August 27th. Weiss Ratings upgraded Urban Outfitters from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 24th. JPMorgan Chase & Co. upped their price target on Urban Outfitters from $97.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, August 18th. Finally, Citigroup reiterated a "neutral" rating on shares of Urban Outfitters in a research note on Friday, August 28th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.64.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city's historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.

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