First Quadrant L P CA boosted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 7.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 206,737 shares of the apparel retailer’s stock after buying an additional 13,766 shares during the period. First Quadrant L P CA owned about 0.18% of Urban Outfitters worth $3,833,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Robecosam AG boosted its stake in Urban Outfitters by 22.0% in the first quarter. Robecosam AG now owns 6,100 shares of the apparel retailer’s stock valued at $149,000 after buying an additional 1,100 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Urban Outfitters by 12.5% in the second quarter. LS Investment Advisors LLC now owns 9,488 shares of the apparel retailer’s stock valued at $176,000 after buying an additional 1,052 shares during the last quarter. Miles Capital Inc. boosted its stake in Urban Outfitters by 0.8% in the first quarter. Miles Capital Inc. now owns 8,470 shares of the apparel retailer’s stock valued at $201,000 after buying an additional 70 shares during the last quarter. Bank of Nova Scotia purchased a new stake in Urban Outfitters during the first quarter valued at about $251,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Urban Outfitters during the first quarter valued at about $253,000. Institutional investors own 82.91% of the company’s stock.
Urban Outfitters, Inc. (NASDAQ:URBN) opened at 17.95 on Friday. The firm has a market cap of $2.08 billion, a P/E ratio of 10.48 and a beta of 0.65. The company’s 50 day moving average is $18.14 and its 200-day moving average is $22.75. Urban Outfitters, Inc. has a 52 week low of $16.19 and a 52 week high of $40.80.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $761.20 million for the quarter, compared to analyst estimates of $768.95 million. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.88%. Urban Outfitters’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. Equities analysts expect that Urban Outfitters, Inc. will post $1.42 earnings per share for the current year.
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URBN has been the topic of several research analyst reports. Jefferies Group LLC set a $35.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a report on Monday, April 10th. Bank of America Corporation reiterated a “buy” rating and issued a $25.00 price objective (down from $30.00) on shares of Urban Outfitters in a report on Wednesday, May 17th. Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price objective (down from $27.00) on shares of Urban Outfitters in a report on Friday, May 19th. FBR & Co reiterated a “hold” rating and issued a $24.00 price objective (down from $28.00) on shares of Urban Outfitters in a report on Wednesday, May 17th. Finally, Royal Bank Of Canada set a $22.00 price objective on Urban Outfitters and gave the stock a “hold” rating in a report on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $25.53.
About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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