Robeco Institutional Asset Management B.V. Purchases 31,359 Shares of Urban Outfitters, Inc. $URBN

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Urban Outfitters by 98.0%, purchasing an additional 31,359 shares, bringing their total holdings to 63,371 shares valued at approximately $4.6 million.
• Other hedge funds have significantly increased their stakes in Urban Outfitters as well, with Federated Hermes Inc. raising its stake by 17,175.0% and Quarry LP increasing theirs by 146.2% during the first quarter.
• Urban Outfitters reported a 14% increase in quarterly earnings per share to $1.58, exceeding analysts' expectations, and generated $1.50 billion in revenue, reflecting an 11.3% rise year-over-year.

Robeco Institutional Asset Management B.V. grew its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 98.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,371 shares of the apparel retailer's stock after purchasing an additional 31,359 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.07% of Urban Outfitters worth $4,597,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in URBN. Federated Hermes Inc. lifted its stake in Urban Outfitters by 17,175.0% during the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 687 shares during the last quarter. Virtus Advisers LLC bought a new stake in Urban Outfitters during the first quarter worth about $46,000. Exchange Traded Concepts LLC bought a new stake in Urban Outfitters during the first quarter worth about $52,000. GAMMA Investing LLC lifted its stake in Urban Outfitters by 34.7% during the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after purchasing an additional 263 shares during the last quarter. Finally, Quarry LP lifted its stake in Urban Outfitters by 146.2% during the first quarter. Quarry LP now owns 1,418 shares of the apparel retailer's stock worth $74,000 after purchasing an additional 842 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Insider Transactions at Urban Outfitters

In related news, Director Mary Egan sold 1,000 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director owned 14,250 shares in the company, valued at $999,210. The trade was a 6.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on URBN shares. Barclays reaffirmed an "overweight" rating and set a $89.00 price target on shares of Urban Outfitters in a research note on Friday, August 29th. Telsey Advisory Group boosted their target price on Urban Outfitters from $72.00 to $80.00 and gave the company a "market perform" rating in a research note on Thursday, August 28th. Bank of America boosted their target price on Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Robert W. Baird raised Urban Outfitters from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $75.00 to $90.00 in a research note on Wednesday, June 11th. Finally, Wall Street Zen lowered Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, six 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.com, the stock has an average rating of "Moderate Buy" and an average price target of $81.91.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $73.06 on Tuesday. 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 $6.55 billion, a PE ratio of 14.27, a P/E/G ratio of 1.16 and a beta of 1.26. The stock's 50-day moving average is $73.58 and its 200 day moving average is $66.17.

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 (EPS) 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 company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business earned $1.24 EPS. Urban Outfitters's revenue was up 11.3% compared to the same quarter last year. Analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal 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.

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