Empowered Funds LLC Acquires 43,663 Shares of Urban Outfitters, Inc. $URBN

Key Points

• Empowered Funds LLC increased its stake in Urban Outfitters, Inc. by 28.4%, owning 197,660 shares valued at approximately $10.36 million after acquiring additional shares in the first quarter.
• Urban Outfitters reported earnings of $1.58 per share for the last quarter, exceeding analysts' estimates and marking an 11.3% revenue increase compared to the same period last year.
• Analyst ratings for Urban Outfitters include one Strong Buy, five Buy, six Hold, and one Sell, with a consensus price target of $81.91.

Empowered Funds LLC increased its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 28.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,660 shares of the apparel retailer's stock after purchasing an additional 43,663 shares during the period. Empowered Funds LLC owned approximately 0.21% of Urban Outfitters worth $10,357,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP boosted its stake in Urban Outfitters by 2.0% in the 1st quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock worth $545,000 after purchasing an additional 203 shares in the last quarter. Xponance Inc. lifted its stake in Urban Outfitters by 4.9% during the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock valued at $251,000 after acquiring an additional 222 shares during the period. PNC Financial Services Group Inc. lifted its stake in Urban Outfitters by 1.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock valued at $1,011,000 after acquiring an additional 228 shares during the period. US Bancorp DE lifted its stake in Urban Outfitters by 16.4% during the 1st quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock valued at $97,000 after acquiring an additional 262 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Urban Outfitters by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after acquiring an additional 263 shares during the period. Institutional investors own 77.61% of the company's stock.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the completion of the sale, the director directly owned 14,250 shares of the company's stock, valued at $999,210. This trade represents a 6.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 31.80% of the stock is currently owned by company insiders.

Urban Outfitters Stock Performance

URBN traded up $3.11 during trading on Monday, reaching $70.82. 674,382 shares of the company traded hands, compared to its average volume of 2,149,885. Urban Outfitters, Inc. has a 12-month low of $34.76 and a 12-month high of $80.71. The firm has a fifty day simple moving average of $73.89 and a 200 day simple moving average of $64.03. The company has a market cap of $6.35 billion, a P/E ratio of 13.83, a PEG ratio of 1.09 and a beta of 1.29.

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

Analyst Ratings Changes

A number of brokerages have weighed in on URBN. Robert W. Baird upgraded shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $75.00 to $90.00 in a research note on Wednesday, June 11th. Citigroup reiterated a "neutral" rating and issued a $76.00 price objective (up previously from $75.00) on shares of Urban Outfitters in a research note on Wednesday, August 20th. 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. BMO Capital Markets set a $76.00 price objective on shares of Urban Outfitters and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Finally, Barclays reiterated an "overweight" rating and issued a $89.00 price objective on shares of Urban Outfitters in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.