Urban Outfitters, Inc. $URBN Shares Newly Bought by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 13,483 Urban Outfitters shares worth approximately $1.03 million, while institutional investors collectively own 77.61% of the company.
• Analysts maintain a cautiously positive outlook, with nine Buy ratings and seven Holds producing a consensus “Moderate Buy” rating and an average price target of $90.54.
• Urban Outfitters reported quarterly EPS of $1.72, in line with estimates, while revenue rose 10.4% year over year to $1.66 billion; the stock recently opened at $86.57.

Counterpoint Mutual Funds LLC acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,483 shares of the apparel retailer's stock, valued at approximately $1,030,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Urban Outfitters during the 2nd quarter worth $615,160,000. Dimensional Fund Advisors LP boosted its stake in Urban Outfitters by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer's stock valued at $273,274,000 after purchasing an additional 338,622 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Urban Outfitters by 23.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer's stock valued at $62,155,000 after buying an additional 189,454 shares during the last quarter. Bank of America Corp DE bought a new position in Urban Outfitters during the second quarter worth $33,414,000. Finally, Engineers Gate Manager LP raised its stake in Urban Outfitters by 211.4% during the 2nd quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer's stock valued at $30,344,000 after purchasing an additional 290,698 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BMO Capital Markets initiated coverage on shares of Urban Outfitters in a report on Tuesday, September 8th. They issued a "market perform" rating and a $80.00 price target on the stock. UBS Group boosted their price target on Urban Outfitters from $80.00 to $82.00 and gave the company a "neutral" rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $97.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 18th. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 price objective on shares of Urban Outfitters in a research report on Thursday, August 27th. Finally, Weiss Ratings raised Urban Outfitters from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, September 22nd. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.54.

Urban Outfitters Trading Down 0.9%

URBN opened at $86.57 on Friday. The stock has a market capitalization of $7.42 billion, a P/E ratio of 13.51, a P/E/G ratio of 1.35 and a beta of 1.24. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $90.59. The firm's fifty day simple moving average is $78.46 and its 200 day simple moving average is $74.01.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.72. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The firm's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. On average, equities research analysts predict that Urban Outfitters, Inc. will post 6.20 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 3,500 shares of the business's stock in a transaction on Friday, September 18th. The stock was sold at an average price of $75.95, for a total transaction of $265,825.00. Following the sale, the chief executive officer owned 30,112 shares in the company, valued at $2,287,006.40. The trade was a 10.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $87.06, for a total transaction of $435,300.00. Following the transaction, the director owned 494,315 shares in the company, valued at approximately $43,035,063.90. This trade represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 14,200 shares of company stock valued at $1,161,400. 32.10% of the stock is currently owned by corporate insiders.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.

The company's portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women's clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women's apparel and activewear.

Want to see what other hedge funds are holding URBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Outfitters, Inc. (NASDAQ:URBN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.