Junto Capital Management LP Increases Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Junto Capital Management LP boosted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,483,646 shares of the apparel retailer’s stock after purchasing an additional 13,820 shares during the quarter. Urban Outfitters comprises 1.6% of Junto Capital Management LP’s holdings, making the stock its 24th largest holding. Junto Capital Management LP’s holdings in Urban Outfitters were worth $81,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock worth $82,000 after buying an additional 1,125 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock valued at $95,000 after buying an additional 470 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Urban Outfitters by 10.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock valued at $146,000 after buying an additional 250 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Price Performance

URBN opened at $51.85 on Friday. The firm has a fifty day moving average price of $50.71 and a 200 day moving average price of $50.50. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16. The stock has a market cap of $4.80 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Equities analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on URBN shares. Barclays upped their price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Citigroup lowered their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price on Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird increased their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $54.18.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 10,000 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. This represents a 44.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the transaction, the director now owns 15,450 shares in the company, valued at approximately $902,898. This trade represents a 34.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,976 shares of company stock valued at $1,663,713 in the last three months. 31.60% of the stock is currently owned by company insiders.

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.