PDT Partners LLC Acquires New Holdings in Urban Outfitters, Inc. $URBN

Key Points

• PDT Partners LLC has acquired a new stake in Urban Outfitters, buying 32,200 shares valued at approximately $1.69 million.
• Institutional investors now own a significant 77.61% of Urban Outfitters' stock, indicating strong institutional interest in the company.
• Analysts currently have a consensus rating of "Hold" for Urban Outfitters, with an average price target of $81.91.

PDT Partners LLC bought a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 32,200 shares of the apparel retailer's stock, valued at approximately $1,687,000.

Several other hedge funds have also bought and sold shares of URBN. SG Americas Securities LLC raised its position in shares of Urban Outfitters by 313.4% in the first quarter. SG Americas Securities LLC now owns 23,342 shares of the apparel retailer's stock valued at $1,223,000 after buying an additional 17,696 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Urban Outfitters in the 1st quarter worth about $52,000. Public Employees Retirement System of Ohio increased its stake in Urban Outfitters by 1,778.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer's stock valued at $1,898,000 after purchasing an additional 32,747 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Urban Outfitters during the first quarter worth about $1,094,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Urban Outfitters by 17.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer's stock worth $7,086,000 after purchasing an additional 19,551 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock traded down $0.58 on Friday, hitting $70.77. 2,111,829 shares of the company traded hands, compared to its average volume of 2,222,433. The stock has a market capitalization of $6.34 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $80.71. The business has a 50-day simple moving average of $74.13 and a 200 day simple moving average of $63.37.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the business posted $1.24 earnings per share. Urban Outfitters's quarterly revenue was up 11.3% on a year-over-year basis. Research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, CEO Tricia D. Smith sold 4,500 shares of the 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 sale, the chief executive officer directly owned 13,477 shares of the company's stock, valued at approximately $950,398.04. This represents a 25.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 31.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on URBN. Wells Fargo & Company boosted their target price on shares of Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Glj Research reissued a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Morgan Stanley upped their price objective on shares of Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Baird R W raised shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, Barclays restated an "overweight" rating and issued a $89.00 price objective on shares of Urban Outfitters in a report on Friday, August 29th. One investment 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.