Capricorn Fund Managers Ltd Invests $2.90 Million in Urban Outfitters, Inc. $URBN

Capricorn Fund Managers Ltd purchased a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 40,000 shares of the apparel retailer’s stock, valued at approximately $2,902,000.

Several other institutional investors also recently modified their holdings of URBN. Mackenzie Financial Corp acquired a new stake in shares of Urban Outfitters during the 4th quarter worth approximately $216,000. Wealth Enhancement Advisory Services LLC grew its holdings in Urban Outfitters by 18.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,065 shares of the apparel retailer’s stock valued at $497,000 after purchasing an additional 1,427 shares during the period. GAMMA Investing LLC grew its holdings in Urban Outfitters by 6,955.7% during the first quarter. GAMMA Investing LLC now owns 53,553 shares of the apparel retailer’s stock valued at $2,806,000 after purchasing an additional 52,794 shares during the period. Wedge Capital Management L L P NC acquired a new position in Urban Outfitters during the first quarter valued at approximately $40,544,000. Finally, SG Americas Securities LLC grew its holdings in Urban Outfitters by 313.4% during the first quarter. SG Americas Securities LLC now owns 23,342 shares of the apparel retailer’s stock valued at $1,223,000 after purchasing an additional 17,696 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insider Buying and Selling

In related news, Director Mary Egan sold 1,000 shares of the stock in a transaction 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 transaction, the director owned 14,250 shares in the company, valued at approximately $999,210. This represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 31.60% of the company’s stock.

Wall Street Analyst Weigh In

URBN has been the subject of a number of analyst reports. Baird R W upgraded shares of Urban Outfitters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. Morgan Stanley boosted their price objective on shares of Urban Outfitters from $82.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Bank of America boosted their price objective on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Jefferies Financial Group upgraded shares of Urban Outfitters from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $50.00 to $70.00 in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Urban Outfitters presently has a consensus rating of “Moderate Buy” and an average price target of $81.91.

Urban Outfitters Trading Down 0.4%

Shares of URBN opened at $72.85 on Friday. 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 $73.67 and a 200 day simple moving average of $65.77. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 1.16 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. As a group, research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share 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.