Urban Outfitters, Inc. $URBN Shares Sold by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. decreased its stake in Urban Outfitters by 3.1%, owning approximately 0.18% of the company worth $8.97 million after selling 5,417 shares in the first quarter.
• Urban Outfitters recently experienced a quarterly revenue increase of 11.3% year-over-year, reporting earnings per share of $1.58, which exceeded analysts' expectations.
• Several analysts have adjusted their price targets for Urban Outfitters, with the average target price set at $81.82 and a consensus rating of "Hold".

Maverick Capital Ltd. cut its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,216 shares of the apparel retailer's stock after selling 5,417 shares during the quarter. Maverick Capital Ltd. owned approximately 0.18% of Urban Outfitters worth $8,972,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Graham Capital Management L.P. acquired a new position in shares of Urban Outfitters during the 1st quarter worth approximately $4,330,000. Quarry LP raised its stake in shares of Urban Outfitters by 146.2% during the 1st quarter. Quarry LP now owns 1,418 shares of the apparel retailer's stock worth $74,000 after buying an additional 842 shares during the period. Junto Capital Management LP raised its stake in shares of Urban Outfitters by 16.5% during the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer's stock worth $90,571,000 after buying an additional 244,801 shares during the period. Panagora Asset Management Inc. raised its stake in Urban Outfitters by 5.7% in the 1st quarter. Panagora Asset Management Inc. now owns 367,013 shares of the apparel retailer's stock valued at $19,231,000 after purchasing an additional 19,934 shares during the last quarter. Finally, State of Wyoming raised its stake in Urban Outfitters by 17.2% in the 1st quarter. State of Wyoming now owns 3,309 shares of the apparel retailer's stock valued at $173,000 after purchasing an additional 486 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen downgraded Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. UBS Group increased their price objective on Urban Outfitters from $75.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. Morgan Stanley increased their price objective on Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $88.00 to $89.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Wells Fargo & Company increased their price objective on Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Urban Outfitters has a consensus rating of "Hold" and an average target price of $81.82.

Urban Outfitters Stock Down 3.8%

Shares of NASDAQ:URBN opened at $67.08 on Monday. The business has a fifty day moving average of $74.14 and a two-hundred day moving average of $62.99. The stock has a market cap of $6.01 billion, a P/E ratio of 13.10, a PEG ratio of 1.08 and a beta of 1.29. 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 issued its 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 company 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 quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 EPS. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 4,500 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.52, for a total transaction of $317,340.00. Following the completion of the transaction, the chief executive officer directly owned 13,477 shares in the company, valued at approximately $950,398.04. This represents a 25.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 31.60% of the company's stock.

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.

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