Acadian Asset Management LLC Grows Stock Holdings in Urban Outfitters, Inc. $URBN

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 lifted its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 354.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 0.22% of Urban Outfitters worth $10,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Intech Investment Management LLC increased its position in shares of Urban Outfitters by 110.6% in the 1st quarter. Intech Investment Management LLC now owns 65,804 shares of the apparel retailer's stock valued at $3,448,000 after acquiring an additional 34,555 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Urban Outfitters in the 1st quarter valued at $442,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Urban Outfitters by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer's stock valued at $7,476,000 after acquiring an additional 13,554 shares during the period. Empowered Funds LLC increased its position in shares of Urban Outfitters by 28.4% in the 1st quarter. Empowered Funds LLC now owns 197,660 shares of the apparel retailer's stock valued at $10,357,000 after acquiring an additional 43,663 shares during the period. Finally, Caxton Associates LLP acquired a new position in shares of Urban Outfitters in the 1st quarter valued at $1,342,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Price Performance

Urban Outfitters stock traded up $1.25 during midday trading on Thursday, reaching $71.34. The company had a trading volume of 448,091 shares, compared to its average volume of 2,137,771. The company has a market capitalization of $6.40 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.13 and a beta of 1.29. Urban Outfitters, Inc. has a 12-month low of $34.76 and a 12-month high of $80.71. The firm's fifty day simple moving average is $73.88 and its 200-day simple moving average is $64.21.

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 for the quarter, beating analysts' consensus estimates of $1.44 by $0.14. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. Urban Outfitters's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company posted $1.24 EPS. On average, analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mary Egan sold 1,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total value of $70,120.00. Following the transaction, the director directly owned 14,250 shares of the company's stock, valued at approximately $999,210. This trade represents a 6.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 31.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Urban Outfitters from $88.00 to $89.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Glj Research reaffirmed a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Baird R W raised Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Robert W. Baird raised Urban Outfitters from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, June 11th. Finally, Citigroup reaffirmed a "neutral" rating and set a $76.00 price target (up from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.