Urban Outfitters, Inc. $URBN Stock Holdings Increased by Empowered Funds LLC

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 boosted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 28.4% during the first quarter, according to its most recent disclosure with the 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 about 0.21% of Urban Outfitters worth $10,357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of Urban Outfitters by 313.4% during the 1st quarter. SG Americas Securities LLC now owns 23,342 shares of the apparel retailer's stock valued at $1,223,000 after acquiring an additional 17,696 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Urban Outfitters during the first quarter valued at $52,000. HighTower Advisors LLC acquired a new stake in Urban Outfitters during the first quarter valued at $241,000. Public Employees Retirement System of Ohio grew its stake in Urban Outfitters by 1,778.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer's stock valued at $1,898,000 after purchasing an additional 32,747 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Urban Outfitters in the 1st quarter worth about $1,094,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their price target on Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Glj Research reiterated a "sell" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $72.00 to $80.00 and gave the stock a "market perform" rating in a research report on Thursday, August 28th. UBS Group raised their price target on shares of Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Urban Outfitters from $88.00 to $89.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Urban Outfitters presently has a consensus rating of "Hold" and a consensus target price of $81.91.

Urban Outfitters Price Performance

URBN stock opened at $72.09 on Wednesday. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29. The company has a 50-day moving average of $74.11 and a two-hundred day moving average of $63.63. 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 posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.14. The business 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 revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. Equities analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

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.

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