Landscape Capital Management L.L.C. Boosts Holdings in Urban Outfitters, Inc. $URBN

Key Points

• Landscape Capital Management L.L.C. has increased its holdings in Urban Outfitters by 66.8% during the first quarter, owning a total of 158,756 shares, which represents about 0.7% of its investment portfolio.
• Urban Outfitters reported a net margin of 7.91% and an EPS of $1.58 for the latest quarter, exceeding analysts' expectations, with a revenue increase of 11.3% year-over-year.
• Brokerages have mixed ratings on Urban Outfitters, with one strong buy, several buys, and an average rating of hold, along with a consensus price target of $77.27.

Landscape Capital Management L.L.C. increased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 66.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,756 shares of the apparel retailer's stock after acquiring an additional 63,567 shares during the quarter. Urban Outfitters comprises about 0.7% of Landscape Capital Management L.L.C.'s investment portfolio, making the stock its 13th biggest holding. Landscape Capital Management L.L.C. owned about 0.17% of Urban Outfitters worth $8,319,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of URBN. Nuveen LLC bought a new position in shares of Urban Outfitters in the 1st quarter worth about $43,769,000. Wedge Capital Management L L P NC bought a new position in shares of Urban Outfitters in the 1st quarter worth about $40,544,000. Boston Partners bought a new position in shares of Urban Outfitters in the 1st quarter worth about $18,380,000. Voloridge Investment Management LLC bought a new position in shares of Urban Outfitters in the 4th quarter worth about $18,513,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Urban Outfitters by 27.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock worth $73,212,000 after acquiring an additional 302,444 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Stock Down 3.8%

Shares of NASDAQ URBN traded down $2.62 during trading on Friday, reaching $67.08. 2,927,391 shares of the company traded hands, compared to its average volume of 2,080,711. The firm has a 50 day simple moving average of $74.14 and a 200-day simple moving average of $62.94. The stock has a market capitalization of $6.01 billion, a PE ratio of 13.10, a P/E/G ratio of 1.15 and a beta of 1.44. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $80.71.

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, beating analysts' consensus estimates of $1.44 by $0.14. The firm had revenue of $1.50 billion for 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 business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 EPS. As a group, research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on URBN. Citigroup restated a "neutral" rating and set a $76.00 price objective (up from $75.00) on shares of Urban Outfitters in a research note on Wednesday, August 20th. Morgan Stanley raised their price objective on shares of Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday. BMO Capital Markets set a $76.00 price objective on shares of Urban Outfitters and gave the company a "market perform" rating in a research note on Thursday, May 22nd. 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. Finally, Wall Street Zen lowered shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Urban Outfitters has an average rating of "Hold" and a consensus target price of $81.82.

Insider Activity

In other news, CEO Tricia D. Smith sold 4,500 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total transaction of $317,340.00. Following the sale, the chief executive officer owned 13,477 shares of the company's stock, valued at $950,398.04. This trade represents a 25.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 31.60% of the stock is currently owned by insiders.

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.