Junto Capital Management LP Increases Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Junto Capital Management LP lifted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,483,646 shares of the apparel retailer's stock after purchasing an additional 13,820 shares during the quarter. Urban Outfitters accounts for about 1.6% of Junto Capital Management LP's portfolio, making the stock its 24th largest position. Junto Capital Management LP owned about 1.61% of Urban Outfitters worth $81,422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Granahan Investment Management LLC bought a new stake in shares of Urban Outfitters during the 4th quarter valued at approximately $2,777,000. Focus Partners Wealth bought a new stake in Urban Outfitters during the 4th quarter worth approximately $227,000. Eisler Capital Management Ltd. bought a new stake in Urban Outfitters during the 4th quarter worth approximately $3,139,000. FORA Capital LLC bought a new stake in Urban Outfitters during the 4th quarter worth approximately $249,000. Finally, Deutsche Bank AG grew its holdings in Urban Outfitters by 280.6% during the 4th quarter. Deutsche Bank AG now owns 140,466 shares of the apparel retailer's stock worth $7,709,000 after acquiring an additional 103,564 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Trading Up 1.8%

NASDAQ URBN traded up $1.05 on Wednesday, hitting $60.38. 1,999,886 shares of the company were exchanged, compared to its average volume of 1,904,118. The company has a market cap of $5.59 billion, a PE ratio of 17.30, a PEG ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $61.16. The stock has a fifty day moving average of $50.95 and a 200-day moving average of $50.89.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. On average, analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 10,000 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the transaction, the chief executive officer now owns 12,601 shares in the company, valued at approximately $679,697.94. This represents a 44.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now owns 15,450 shares in the company, valued at approximately $902,898. The trade was a 34.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,976 shares of company stock valued at $1,663,713 over the last ninety days. 31.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on URBN shares. StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Robert W. Baird boosted their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. reduced their target price on shares of Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Citigroup reduced their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley reduced their target price on shares of Urban Outfitters from $63.00 to $62.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $52.82.

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.