Delphi Management Inc. MA Buys 13,176 Shares of Urban Outfitters, Inc. $URBN

Delphi Management Inc. MA lifted its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 329.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,181 shares of the apparel retailer’s stock after buying an additional 13,176 shares during the quarter. Delphi Management Inc. MA’s holdings in Urban Outfitters were worth $1,088,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of URBN. Cinctive Capital Management LP purchased a new stake in Urban Outfitters in the third quarter valued at approximately $4,104,000. Dimensional Fund Advisors LP lifted its position in Urban Outfitters by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock valued at $262,578,000 after purchasing an additional 142,909 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake in Urban Outfitters by 33.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock worth $97,646,000 after buying an additional 327,453 shares in the last quarter. Braun Stacey Associates Inc. purchased a new position in Urban Outfitters in the 4th quarter worth approximately $19,366,000. Finally, HighTower Advisors LLC increased its holdings in shares of Urban Outfitters by 883.4% in the 4th quarter. HighTower Advisors LLC now owns 43,081 shares of the apparel retailer’s stock worth $3,242,000 after buying an additional 38,700 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $72.35 on Thursday. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $84.35. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.34 and a beta of 1.22. The company has a fifty day moving average of $72.23 and a 200-day moving average of $71.19.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, beating the consensus estimate of $1.12 by $0.18. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. On average, equities research analysts forecast that Urban Outfitters, Inc. will post 6.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $72.00 price objective on shares of Urban Outfitters in a report on Thursday, May 21st. Bank of America upped their target price on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Wells Fargo & Company lowered their price target on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Barclays lowered their price target on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Urban Outfitters has an average rating of “Moderate Buy” and a consensus price target of $87.18.

Insider Activity

In other news, CFO Melanie Marein-Efron sold 5,036 shares of Urban Outfitters stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value 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. The trade was a 22.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 8,733 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. The disclosure for this sale is available in the SEC filing. Corporate insiders own 32.10% of the company’s stock.

Urban Outfitters 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.