Empowered Funds LLC Purchases 49,168 Shares of Urban Outfitters, Inc. $URBN

Empowered Funds LLC increased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 41.4% in the first quarter, Holdings Channel.com reports. The firm owned 167,826 shares of the apparel retailer’s stock after purchasing an additional 49,168 shares during the quarter. Empowered Funds LLC’s holdings in Urban Outfitters were worth $10,632,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System lifted its stake in Urban Outfitters by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer’s stock worth $593,000 after purchasing an additional 148 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Urban Outfitters by 58.4% in the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after buying an additional 149 shares during the period. Lido Advisors LLC lifted its stake in shares of Urban Outfitters by 2.7% during the 4th quarter. Lido Advisors LLC now owns 7,367 shares of the apparel retailer’s stock worth $533,000 after acquiring an additional 193 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Urban Outfitters by 83.3% during the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its holdings in Urban Outfitters by 90.3% during the 4th quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 205 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Trading Up 0.5%

Shares of Urban Outfitters stock opened at $75.74 on Friday. The stock’s fifty day moving average price is $72.74 and its 200-day moving average price is $69.90. The firm has a market cap of $6.49 billion, a P/E ratio of 14.54, a P/E/G ratio of 1.39 and a beta of 1.22. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. Analysts forecast that Urban Outfitters, Inc. will post 6.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Urban Outfitters in a research report on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating and set a $89.00 target price on shares of Urban Outfitters in a research report on Monday, July 6th. Bank of America boosted their target price on shares of Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, Zacks Research raised shares of Urban Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.91.

Insider Transactions at Urban Outfitters

In other news, insider Azeez Hayne sold 8,733 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Melanie Marein-Efron sold 5,036 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total transaction of $369,743.12. Following the transaction, the chief financial officer owned 17,023 shares in the company, valued at approximately $1,249,828.66. This represents a 22.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 32.10% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.