Urban Outfitters, Inc. (NASDAQ:URBN) Shares Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP raised its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 92.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,654 shares of the apparel retailer’s stock after buying an additional 10,377 shares during the period. Dark Forest Capital Management LP’s holdings in Urban Outfitters were worth $889,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of URBN. Norges Bank acquired a new stake in Urban Outfitters in the fourth quarter valued at $16,314,000. Parallel Advisors LLC raised its stake in Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 417 shares in the last quarter. TFO Wealth Partners LLC raised its stake in Urban Outfitters by 26,563.2% in the fourth quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock valued at $178,000 after buying an additional 5,047 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Urban Outfitters by 82.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock valued at $37,101,000 after buying an additional 470,323 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Urban Outfitters by 9.6% in the fourth quarter. Vanguard Group Inc. now owns 7,672,586 shares of the apparel retailer’s stock valued at $273,835,000 after buying an additional 674,790 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

URBN stock opened at $37.69 on Friday. Urban Outfitters, Inc. has a one year low of $30.67 and a one year high of $48.90. The stock has a market capitalization of $3.48 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 0.93 and a beta of 1.50. The company has a fifty day moving average of $39.56 and a 200-day moving average of $41.12.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.00 by $0.24. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business earned $1.10 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that Urban Outfitters, Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the sale, the director now owns 565,296 shares of the company’s stock, valued at approximately $27,303,796.80. The disclosure for this sale can be found here. Company insiders own 31.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Jefferies Financial Group cut their target price on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. Bank of America cut their price target on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Morgan Stanley reduced their price objective on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Barclays lowered their target price on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. Finally, StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.30.

Urban Outfitters 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.