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 purchased a new position 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 (SEC). The fund purchased 34,237 shares of the apparel retailer's stock, valued at approximately $1,794,000.

Other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC increased its position in Urban Outfitters by 2,893.8% during the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after buying an additional 463 shares during the last quarter. Federated Hermes Inc. increased its position 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 buying an additional 687 shares during the last quarter. Virtus Advisers LLC acquired a new position in Urban Outfitters during the first quarter worth approximately $46,000. Exchange Traded Concepts LLC acquired a new position in Urban Outfitters during the first quarter worth approximately $52,000. Finally, GAMMA Investing LLC increased its position 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 buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Stock Performance

Shares of URBN stock traded down $3.99 during trading on Friday, hitting $67.71. The company had a trading volume of 1,758,060 shares, compared to its average volume of 2,158,811. The firm has a market capitalization of $6.07 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.13 and a beta of 1.29. The stock's 50-day moving average price is $74.01 and its 200 day moving average price is $63.80. Urban Outfitters, Inc. has a one year low of $34.76 and a one year 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, beating the consensus estimate of $1.44 by $0.14. The business had revenue of $1.50 billion during 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 firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. On average, research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of the company'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 in the company, valued at $999,210. This represents 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 available at the SEC website. 31.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on URBN shares. Morgan Stanley boosted their price target on Urban Outfitters from $82.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Bank of America upped their target price on Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Wall Street Zen downgraded Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. UBS Group upped their target price on Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, September 2nd. Finally, Citigroup reaffirmed a "neutral" rating and issued a $76.00 target price (up previously from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. One 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.