Sciencast Management LP Makes New $1.79 Million Investment in Urban Outfitters, Inc. $URBN

Key Points

• Sciencast Management LP acquired a new stake in Urban Outfitters, purchasing 34,237 shares valued at approximately $1.79 million during the first quarter.
• CEO Tricia D. Smith sold 4,500 shares at an average price of $70.52, reducing her ownership by 25.03%, leaving her with 13,477 shares valued around $950,398.
• Urban Outfitters reported strong quarterly earnings with $1.58 EPS, surpassing analyst expectations, and its revenue rose 11.3% year-over-year to $1.50 billion.

Sciencast Management LP bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 34,237 shares of the apparel retailer's stock, valued at approximately $1,794,000.

Other hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its holdings in Urban Outfitters by 2,893.8% in the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after purchasing an additional 463 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Urban Outfitters by 17,175.0% during the first 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 bought a new stake in shares of Urban Outfitters during the first quarter valued at approximately $46,000. Exchange Traded Concepts LLC bought a new stake in shares of Urban Outfitters during the first quarter valued at approximately $52,000. Finally, GAMMA Investing LLC increased its holdings in shares of Urban Outfitters by 34.7% during the first 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 currently owned by institutional investors.

Urban Outfitters Trading Down 5.6%

Urban Outfitters stock traded down $3.99 during trading on Friday, hitting $67.71. 1,758,060 shares of the company were exchanged, compared to its average volume of 2,337,153. The business's 50 day moving average is $73.89 and its 200 day moving average is $64.03. Urban Outfitters, Inc. has a 52 week low of $34.76 and a 52 week high of $80.71. The company has a market capitalization of $6.07 billion, a P/E ratio of 13.22, a PEG ratio of 1.09 and a beta of 1.29.

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, topping the consensus estimate of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. Urban Outfitters's revenue was up 11.3% compared to the same quarter last year. Equities analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total value of $70,120.00. Following the transaction, the director owned 14,250 shares of the company's stock, valued at approximately $999,210. The trade was a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 31.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays restated an "overweight" rating and set a $89.00 price objective on shares of Urban Outfitters in a report on Friday, August 29th. Telsey Advisory Group boosted their price objective on Urban Outfitters from $72.00 to $80.00 and gave the company a "market perform" rating in a report on Thursday, August 28th. Morgan Stanley boosted their price objective on Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Wells Fargo & Company boosted their price objective on Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Finally, Citigroup restated a "neutral" rating and set a $76.00 price objective (up previously from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. One 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $81.91.

Urban Outfitters Company 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.