Petrus Trust Company LTA Purchases New Shares in Urban Outfitters, Inc. $URBN

Key Points

• Petrus Trust Company LTA acquired 12,283 shares of Urban Outfitters, valued at approximately $644,000, indicating increasing institutional interest in the retailer's stock.
• Urban Outfitters reported an earnings per share (EPS) of $1.58 for the latest quarter, exceeding analysts' expectations of $1.44, alongside a revenue growth of 11.3% year-over-year.
• A number of analysts have upgraded their ratings on Urban Outfitters, with Wells Fargo raising its target price to $75.00 and Robert W. Baird to $90.00, reflecting a positive outlook on the stock.

Petrus Trust Company LTA acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,283 shares of the apparel retailer's stock, valued at approximately $644,000.

Other hedge funds also recently modified their holdings of the company. Whipplewood Advisors LLC raised its holdings in Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock valued at $25,000 after acquiring an additional 463 shares in the last quarter. Federated Hermes Inc. raised its holdings in Urban Outfitters by 17,175.0% in the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock valued at $36,000 after acquiring an additional 687 shares in the last quarter. Virtus Advisers LLC acquired a new position in Urban Outfitters in the 1st quarter valued at approximately $46,000. Exchange Traded Concepts LLC acquired a new position in Urban Outfitters in the 1st quarter valued at approximately $52,000. Finally, GAMMA Investing LLC raised its holdings in Urban Outfitters by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after acquiring an additional 263 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mary Egan sold 1,000 shares of the firm's stock in a transaction 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 $999,210. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 31.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

URBN has been the subject of several recent research reports. Glj Research reaffirmed a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Morgan Stanley upped 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. BMO Capital Markets set a $76.00 target price on Urban Outfitters and gave the stock a "market perform" rating in a report on Thursday, May 22nd. UBS Group increased their target price on Urban Outfitters from $78.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, September 2nd. Finally, Jefferies Financial Group upgraded Urban Outfitters from an "underperform" rating to a "hold" rating and increased their price objective for the stock from $50.00 to $70.00 in a research note on Friday, June 6th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat, Urban Outfitters presently has a consensus rating of "Hold" and an average target price of $81.91.

Urban Outfitters Stock Down 4.2%

URBN stock traded down $2.99 during midday trading on Friday, reaching $68.71. 692,860 shares of the company's stock traded hands, compared to its average volume of 2,152,438. The company has a 50-day simple moving average of $74.01 and a two-hundred day simple moving average of $63.80. Urban Outfitters, Inc. has a 1-year low of $34.76 and a 1-year high of $80.71. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.13 and a beta of 1.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, beating 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 firm had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same period last year, the firm posted $1.24 EPS. The business's revenue was up 11.3% on a year-over-year basis. Equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

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.