Urban Outfitters, Inc. $URBN Shares Bought by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly increased its stake in Urban Outfitters by 354.6%, now owning approximately 206,454 shares valued at about $10.8 million.
• Urban Outfitters reported $1.58 earnings per share (EPS) in its last quarterly results, surpassing analysts' expectations of $1.44, with revenues of $1.50 billion during that period.
• Institutional investors currently hold 77.61% of Urban Outfitters' stock, suggesting strong interest and confidence in the company from larger investment firms.

Acadian Asset Management LLC raised its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 354.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,454 shares of the apparel retailer's stock after acquiring an additional 161,039 shares during the period. Acadian Asset Management LLC owned approximately 0.22% of Urban Outfitters worth $10,813,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of URBN. Nuveen LLC acquired a new stake in Urban Outfitters in the first quarter valued at approximately $43,769,000. Wedge Capital Management L L P NC acquired a new stake in Urban Outfitters in the first quarter valued at approximately $40,544,000. Boston Partners acquired a new stake in shares of Urban Outfitters during the first quarter worth $18,380,000. Voloridge Investment Management LLC acquired a new stake in shares of Urban Outfitters during the fourth quarter worth $18,513,000. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of Urban Outfitters by 27.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock worth $73,212,000 after buying an additional 302,444 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 31.60% of the company's stock.

Urban Outfitters Price Performance

NASDAQ URBN opened at $67.71 on Friday. The company has a market capitalization of $6.07 billion, a PE ratio of 13.22, a P/E/G ratio of 1.15 and a beta of 1.29. The company has a fifty day moving average of $73.89 and a 200 day moving average of $63.91. Urban Outfitters, Inc. has a 1 year low of $34.76 and a 1 year high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its 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. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 earnings per share. Research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on URBN. Glj Research reiterated a "sell" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Jefferies Financial Group upgraded shares of Urban Outfitters from an "underperform" rating to a "hold" rating and lifted their price objective for the stock from $50.00 to $70.00 in a research note on Friday, June 6th. Wells Fargo & Company lifted 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. Robert W. Baird upgraded shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, June 11th. Finally, Baird R W upgraded shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. One research 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. According to data from MarketBeat.com, Urban Outfitters presently has an average rating of "Hold" and an average price target of $81.91.

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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