PharVision Advisers LLC Purchases New Position in Urban Outfitters, Inc. $URBN

Key Points

• PharVision Advisers LLC has made a new investment in Urban Outfitters, acquiring 4,307 shares valued at approximately $226,000 in the first quarter.
• Urban Outfitters reported a quarterly earnings per share (EPS) of $1.58, exceeding analysts' expectations, with revenue reaching $1.50 billion, a year-over-year increase of 11.3%.
• Insider CEO Tricia D. Smith sold 4,500 shares of Urban Outfitters at an average price of $70.52, reducing her holdings by 25.03%.

PharVision Advisers LLC purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,307 shares of the apparel retailer's stock, valued at approximately $226,000.

A number of other large investors have also recently modified their holdings of the company. GSA Capital Partners LLP boosted its holdings in shares of Urban Outfitters by 2.0% in the first quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock valued at $545,000 after purchasing an additional 203 shares during the period. Xponance Inc. raised its stake in Urban Outfitters by 4.9% in the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock worth $251,000 after buying an additional 222 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Urban Outfitters by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock worth $1,011,000 after buying an additional 228 shares in the last quarter. US Bancorp DE raised its stake in Urban Outfitters by 16.4% in the first quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock worth $97,000 after buying an additional 262 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Urban Outfitters by 34.7% in the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after buying an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

Urban Outfitters Trading Down 0.8%

Shares of URBN stock opened at $70.77 on Friday. The business's fifty day simple moving average is $74.13 and its 200-day simple moving average is $63.37. The company has a market cap of $6.34 billion, a PE ratio of 13.82, a PEG ratio of 1.14 and a beta of 1.29. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $80.71.

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

Insider Activity

In related news, CEO Tricia D. Smith sold 4,500 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total value of $317,340.00. Following the transaction, the chief executive officer directly owned 13,477 shares of the company's stock, valued at $950,398.04. This represents a 25.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 31.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

URBN has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Urban Outfitters from $88.00 to $89.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Barclays reissued an "overweight" rating and issued a $89.00 price objective on shares of Urban Outfitters in a research note on Friday, August 29th. Jefferies Financial Group raised shares of Urban Outfitters from an "underperform" rating to a "hold" rating and boosted their price objective for the stock from $50.00 to $70.00 in a research note on Friday, June 6th. Wells Fargo & Company boosted their price objective on shares of Urban Outfitters from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 28th. Finally, Robert W. Baird raised shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, June 11th. One equities research 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 given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.

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