203,306 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Bought by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) during the third quarter, HoldingsChannel.com reports. The fund purchased 203,306 shares of the apparel retailer’s stock, valued at approximately $7,789,000.

Other institutional investors also recently bought and sold shares of the company. KBC Group NV raised its stake in Urban Outfitters by 39.8% during the 3rd quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock worth $80,000 after acquiring an additional 594 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Urban Outfitters by 142.6% during the third quarter. Victory Capital Management Inc. now owns 36,091 shares of the apparel retailer’s stock worth $1,383,000 after purchasing an additional 21,213 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Urban Outfitters in the 3rd quarter valued at about $2,143,000. Versor Investments LP boosted its position in shares of Urban Outfitters by 13.4% in the 3rd quarter. Versor Investments LP now owns 8,502 shares of the apparel retailer’s stock valued at $326,000 after purchasing an additional 1,002 shares during the period. Finally, Easterly Investment Partners LLC grew its stake in Urban Outfitters by 2.2% during the 3rd quarter. Easterly Investment Partners LLC now owns 259,081 shares of the apparel retailer’s stock worth $9,925,000 after buying an additional 5,635 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on URBN shares. Barclays decreased their target price on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Telsey Advisory Group lowered shares of Urban Outfitters from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $49.00 to $44.00 in a research note on Thursday, August 22nd. Morgan Stanley reduced their price objective on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Finally, BMO Capital Markets dropped their target price on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research report 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.30.

Insider Activity

In related news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 31.80% of the company’s stock.

Urban Outfitters Trading Down 1.6 %

NASDAQ URBN opened at $38.22 on Friday. The company has a market capitalization 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 business’s 50-day moving average price is $36.83 and its 200 day moving average price is $40.14. Urban Outfitters, Inc. has a twelve month low of $31.37 and a twelve month high of $48.90.

Urban Outfitters (NASDAQ:URBN) last announced 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. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 EPS. Equities analysts predict that Urban Outfitters, Inc. will post 3.65 EPS for the current year.

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.