Oliver Luxxe Assets LLC Makes New $2.37 Million Investment in Urban Outfitters, Inc. $URBN

Key Points

• Oliver Luxxe Assets LLC purchased 32,702 shares of Urban Outfitters, Inc. valued at approximately $2.37 million, indicating strong institutional interest in the retailer.
• Equities analysts have upgraded Urban Outfitters’ stock ratings, with Wall Street Zen moving it to a "strong-buy" and prices targets now ranging as high as $93.
• Urban Outfitters reported earnings of $1.58 per share, surpassing expectations and indicating an 11.3% revenue increase year-over-year, reflecting strong financial performance.

Oliver Luxxe Assets LLC purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,702 shares of the apparel retailer's stock, valued at approximately $2,372,000.

Several other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in Urban Outfitters by 80.0% during the second quarter. GAMMA Investing LLC now owns 1,840 shares of the apparel retailer's stock valued at $133,000 after purchasing an additional 818 shares during the last quarter. Diversified Trust Co lifted its position in shares of Urban Outfitters by 0.9% in the second quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer's stock valued at $1,429,000 after buying an additional 185 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Urban Outfitters in the second quarter valued at approximately $5,473,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Urban Outfitters by 5.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,968 shares of the apparel retailer's stock valued at $586,000 after buying an additional 395 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Urban Outfitters in the second quarter valued at approximately $207,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Trading Up 1.0%

URBN stock traded up $0.71 during trading on Monday, reaching $72.12. 1,394,735 shares of the stock were exchanged, compared to its average volume of 2,321,656. The firm's 50 day moving average is $73.85 and its 200 day moving average is $64.65. Urban Outfitters, Inc. has a twelve month low of $34.76 and a twelve month high of $80.71. The firm has a market cap of $6.47 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29.

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, 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 for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Bank of America lifted their price target on Urban Outfitters from $90.00 to $93.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Morgan Stanley lifted their price target on Urban Outfitters from $82.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Telsey Advisory Group lifted their price target on Urban Outfitters from $72.00 to $80.00 and gave the stock a "market perform" rating in a report on Thursday, August 28th. Barclays reaffirmed an "overweight" rating and issued a $89.00 price objective on shares of Urban Outfitters in a report on Friday, August 29th. Finally, Baird R W raised Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $81.91.

Insiders Place Their Bets

In other Urban Outfitters 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 transaction of $70,120.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 31.80% of the company's stock.

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.