Urban Outfitters (Nasdaq: URBN) announced a record first-quarter profit, citing robust performances at its Free People and Urban Outfitters brands. Rapid expansion efforts also fueled the company’s unprecedented sales growth during this period.

Counterpoint Mutual Funds LLC has purchased a new stake in Urban Outfitters, Inc., acquiring 5,888 shares valued at approximately $427,000. This filing sheds light on ongoing institutional interest in the apparel retailer.