Empowered Funds LLC boosted its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 32.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 83,512 shares of the apparel retailer’s stock after acquiring an additional 20,405 shares during the period. Urban Outfitters comprises approximately 0.9% of Empowered Funds LLC’s holdings, making the stock its 27th biggest holding. Empowered Funds LLC’s holdings in Urban Outfitters were worth $2,475,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in URBN. Norges Bank purchased a new stake in Urban Outfitters in the 4th quarter worth approximately $42,713,000. Oregon Public Employees Retirement Fund grew its stake in Urban Outfitters by 3,059.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,003,171 shares of the apparel retailer’s stock worth $30,000 after acquiring an additional 971,424 shares during the period. TIAA CREF Investment Management LLC grew its stake in Urban Outfitters by 115.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,435,098 shares of the apparel retailer’s stock worth $58,696,000 after acquiring an additional 770,002 shares during the period. Dimensional Fund Advisors LP grew its stake in Urban Outfitters by 22.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,764,853 shares of the apparel retailer’s stock worth $111,589,000 after acquiring an additional 680,902 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in Urban Outfitters by 182.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 811,393 shares of the apparel retailer’s stock worth $24,050,000 after acquiring an additional 524,469 shares during the period. 73.59% of the stock is owned by hedge funds and other institutional investors.

In other Urban Outfitters news, CEO Trish Donnelly sold 9,144 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $34.00, for a total value of $310,896.00. Following the transaction, the chief executive officer now owns 10,295 shares in the company, valued at approximately $350,030. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joel S. Lawson III sold 10,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $29.31, for a total transaction of $293,100.00. Following the completion of the transaction, the director now owns 17,000 shares in the company, valued at approximately $498,270. The disclosure for this sale can be found here. Insiders have sold a total of 104,200 shares of company stock worth $3,237,851 in the last 90 days. Company insiders own 24.80% of the company’s stock.

NASDAQ:URBN opened at $22.47 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. The firm has a market cap of $2.33 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 0.83 and a beta of 0.77. Urban Outfitters, Inc. has a twelve month low of $22.19 and a twelve month high of $52.50.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The business had revenue of $864.41 million for the quarter, compared to analyst estimates of $857.31 million. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.07%. During the same quarter in the previous year, the business posted $0.38 EPS. Sell-side analysts forecast that Urban Outfitters, Inc. will post 2.42 EPS for the current year.

Several analysts have recently issued reports on URBN shares. Wedbush reissued an “average” rating and set a $28.00 price objective (down from $35.00) on shares of Urban Outfitters in a research note on Tuesday, April 23rd. B. Riley lowered their price objective on shares of Urban Outfitters from $52.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, February 14th. DA Davidson raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $36.00 in a research note on Tuesday, April 2nd. TheStreet cut shares of Urban Outfitters from a “b-” rating to a “c+” rating in a research note on Thursday. Finally, Zacks Investment Research raised shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research note on Tuesday, February 19th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $38.04.

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Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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