Petrus Trust Company LTA Buys Shares of 12,283 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 bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,283 shares of the apparel retailer's stock, valued at approximately $644,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Urban Outfitters by 313.4% during the 1st quarter. SG Americas Securities LLC now owns 23,342 shares of the apparel retailer's stock valued at $1,223,000 after acquiring an additional 17,696 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Urban Outfitters in the first quarter worth $52,000. Public Employees Retirement System of Ohio raised its position in shares of 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 worth $1,898,000 after buying an additional 32,747 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Urban Outfitters in the first quarter worth $1,094,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Urban Outfitters by 17.8% in 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 buying an additional 19,551 shares in the last quarter. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Trading Down 0.8%

Shares of NASDAQ:URBN opened at $70.77 on Friday. The stock's 50-day moving average price is $74.13 and its 200-day moving average price is $63.37. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $80.71. 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 (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.14. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $1.24 earnings per share. As a group, research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on URBN. Wells Fargo & Company increased their target price on Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Robert W. Baird raised Urban Outfitters from a "neutral" rating to an "outperform" rating and increased their target price for the company from $75.00 to $90.00 in a research note on Wednesday, June 11th. Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and increased their target price for the company from $50.00 to $70.00 in a research note on Friday, June 6th. Barclays reissued an "overweight" rating and issued a $89.00 target price on shares of Urban Outfitters in a research note on Friday, August 29th. Finally, Citigroup reissued a "neutral" rating and issued a $76.00 target price (up previously from $75.00) on shares of Urban Outfitters in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $81.91.

Insider Activity

In related news, CEO Tricia D. Smith sold 4,500 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total value of $317,340.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 31.60% of the stock is owned by insiders.

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.

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