Boston Advisors LLC reduced its position in shares of Urban Outfitters Inc. (NASDAQ:URBN) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 161,270 shares of the apparel retailer’s stock after selling 60 shares during the period. Boston Advisors LLC’s holdings in Urban Outfitters were worth $4,435,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of URBN. Norges Bank purchased a new stake in shares of Urban Outfitters during the fourth quarter worth approximately $31,619,000. Old Mutual Global Investors UK Ltd. raised its stake in shares of Urban Outfitters by 9.5% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,160,517 shares of the apparel retailer’s stock worth $31,914,000 after buying an additional 100,365 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Urban Outfitters by 202.8% in the first quarter. TIAA CREF Investment Management LLC now owns 775,418 shares of the apparel retailer’s stock worth $25,659,000 after buying an additional 519,303 shares in the last quarter. First Quadrant L P CA raised its stake in shares of Urban Outfitters by 253.7% in the second quarter. First Quadrant L P CA now owns 473,601 shares of the apparel retailer’s stock worth $13,024,000 after buying an additional 339,701 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in shares of Urban Outfitters by 13.6% in the first quarter. Riverhead Capital Management LLC now owns 420,549 shares of the apparel retailer’s stock worth $13,916,000 after buying an additional 50,448 shares in the last quarter. Hedge funds and other institutional investors own 72.05% of the company’s stock.
Urban Outfitters Inc. (NASDAQ:URBN) traded down 0.43% on Thursday, reaching $34.43. The company had a trading volume of 1,398,713 shares. Urban Outfitters Inc. has a 12 month low of $19.26 and a 12 month high of $37.82. The firm has a market capitalization of $4.04 billion, a PE ratio of 17.73 and a beta of 1.00. The stock has a 50 day moving average of $35.48 and a 200 day moving average of $30.90.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.10. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. The firm had revenue of $890.57 million for the quarter, compared to analysts’ expectations of $886.39 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Urban Outfitters’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts anticipate that Urban Outfitters Inc. will post $2.06 EPS for the current year.
A number of equities research analysts recently commented on URBN shares. Wells Fargo & Co. reiterated a “market perform” rating and issued a $25.00 target price (down previously from $26.00) on shares of Urban Outfitters in a research report on Monday, June 13th. Jefferies Group upped their target price on Urban Outfitters from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Wolfe Research upgraded Urban Outfitters from a “peer perform” rating to an “outperform” rating and upped their target price for the company from $36.00 to $43.00 in a research report on Wednesday, September 7th. Robert W. Baird reiterated an “outperform” rating and issued a $38.00 target price on shares of Urban Outfitters in a research report on Saturday, September 10th. Finally, Nomura boosted their price target on Urban Outfitters from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, August 17th. Twenty-two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $35.63.
In other Urban Outfitters news, CFO Frank Conforti sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $37.42, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 24.30% of the company’s stock.
About Urban Outfitters
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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