Empowered Funds LLC Acquires New Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Empowered Funds LLC purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 203,306 shares of the apparel retailer’s stock, valued at approximately $7,789,000. Empowered Funds LLC owned 0.22% of Urban Outfitters at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of URBN. Blue Trust Inc. increased its holdings in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the last quarter. Quarry LP grew its stake in Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Urban Outfitters during the second quarter valued at $42,000. Asset Management One Co. Ltd. bought a new stake in shares of Urban Outfitters in the 3rd quarter valued at about $47,000. Finally, Meeder Asset Management Inc. bought a new position in Urban Outfitters in the second quarter worth approximately $48,000. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Price Performance

Shares of URBN stock opened at $38.22 on Friday. The firm has a market cap of $3.53 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.94 and a beta of 1.50. The company has a 50-day moving average of $36.83 and a two-hundred day moving average of $40.14. Urban Outfitters, Inc. has a 1-year low of $31.37 and a 1-year high of $48.90.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

URBN has been the subject of several analyst reports. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Wells Fargo & Company dropped their target price on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. BMO Capital Markets decreased their price objective on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. Jefferies Financial Group decreased their target price on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group lowered Urban Outfitters from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $49.00 to $44.00 in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Hold” and an average target price of $42.30.

Insider Transactions at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 31.80% of the company’s stock.

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.