LMR Partners LLP acquired a new position in Urban Outfitters Inc. (NASDAQ:URBN) during the second quarter, Holdings Channel reports. The institutional investor acquired 14,448 shares of the apparel retailer’s stock, valued at approximately $397,000.
Several other large investors have also modified their holdings of URBN. IBM Retirement Fund increased its stake in Urban Outfitters by 3.4% in the second quarter. IBM Retirement Fund now owns 9,019 shares of the apparel retailer’s stock worth $248,000 after buying an additional 299 shares during the last quarter. BlackRock Japan Co. Ltd increased its stake in Urban Outfitters by 0.7% in the first quarter. BlackRock Japan Co. Ltd now owns 41,319 shares of the apparel retailer’s stock worth $1,367,000 after buying an additional 306 shares during the last quarter. LS Investment Advisors LLC increased its stake in Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock worth $129,000 after buying an additional 651 shares during the last quarter. Prudential Financial Inc. increased its stake in Urban Outfitters by 0.6% in the first quarter. Prudential Financial Inc. now owns 119,304 shares of the apparel retailer’s stock worth $3,948,000 after buying an additional 750 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Urban Outfitters by 1.1% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 74,034 shares of the apparel retailer’s stock worth $2,036,000 after buying an additional 780 shares during the last quarter. Institutional investors own 72.05% of the company’s stock.
Urban Outfitters Inc. (NASDAQ:URBN) traded down 2.25% during mid-day trading on Thursday, reaching $35.15. 1,536,712 shares of the company were exchanged. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 18.10 and a beta of 0.91. The company has a 50 day moving average of $35.85 and a 200-day moving average of $31.10. Urban Outfitters Inc. has a 1-year low of $19.26 and a 1-year high of $37.82.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. Urban Outfitters had a net margin of 6.63% and a return on equity of 19.57%. The company earned $890.57 million during the quarter, compared to analysts’ expectations of $886.39 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Urban Outfitters Inc. will post $2.06 EPS for the current year.
A number of research firms have weighed in on URBN. Royal Bank Of Canada raised their price target on Urban Outfitters from $29.00 to $34.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 17th. Telsey Advisory Group raised their price target on Urban Outfitters from $31.00 to $39.00 and gave the company a “market perform” rating in a research report on Wednesday, August 17th. Deutsche Bank AG lifted their price objective on Urban Outfitters from $28.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, July 25th. Mizuho lifted their price objective on Urban Outfitters from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 17th. Finally, Jefferies Group reiterated a “buy” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Urban Outfitters in a report on Friday, September 2nd. Twenty-two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.78.
In other news, CFO Frank Conforti sold 4,000 shares of Urban Outfitters stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $37.42, for a total value of $149,680.00. Following the sale, the chief financial officer now owns 4,000 shares in the company, valued at $149,680. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 24.30% of the stock is currently owned by insiders.
Urban Outfitters Company Profile
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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