Cigna Investments Inc. New bought a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 14,944 shares of the apparel retailer’s stock, valued at approximately $277,000.
A number of other hedge funds also recently bought and sold shares of the company. Sei Investments Co. raised its stake in Urban Outfitters by 578.0% in the second quarter. Sei Investments Co. now owns 83,262 shares of the apparel retailer’s stock valued at $1,543,000 after buying an additional 70,982 shares during the period. Texas Permanent School Fund raised its stake in Urban Outfitters by 0.9% in the second quarter. Texas Permanent School Fund now owns 64,527 shares of the apparel retailer’s stock valued at $1,196,000 after buying an additional 570 shares during the period. Coronation Fund Managers Ltd. raised its stake in Urban Outfitters by 81.8% in the second quarter. Coronation Fund Managers Ltd. now owns 983,375 shares of the apparel retailer’s stock valued at $18,232,000 after buying an additional 442,526 shares during the period. Janney Montgomery Scott LLC raised its stake in Urban Outfitters by 23.1% in the second quarter. Janney Montgomery Scott LLC now owns 17,906 shares of the apparel retailer’s stock valued at $332,000 after buying an additional 3,357 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in Urban Outfitters by 306.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 33,360 shares of the apparel retailer’s stock valued at $618,000 after buying an additional 25,150 shares during the period. 83.99% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Urban Outfitters, Inc. (NASDAQ:URBN) opened at 19.27 on Monday. Urban Outfitters, Inc. has a 1-year low of $16.19 and a 1-year high of $40.80. The firm has a market cap of $2.14 billion, a PE ratio of 12.90 and a beta of 0.66. The firm’s 50-day moving average price is $18.47 and its 200 day moving average price is $21.55.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. Urban Outfitters had a return on equity of 13.61% and a net margin of 4.92%. The firm had revenue of $873 million during the quarter, compared to the consensus estimate of $860.80 million. During the same period in the prior year, the firm earned $0.66 EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Urban Outfitters, Inc. will post $1.43 EPS for the current fiscal year.
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Several research firms recently commented on URBN. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Urban Outfitters in a report on Wednesday, August 16th. Morgan Stanley raised their target price on Urban Outfitters from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 16th. MKM Partners set a $16.00 target price on Urban Outfitters and gave the stock a “sell” rating in a report on Wednesday, August 16th. Bank of America Corporation set a $24.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Finally, KeyCorp set a $26.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seven have issued a buy rating to the company’s stock. Urban Outfitters currently has a consensus rating of “Hold” and a consensus price target of $23.76.
Urban Outfitters Company Profile
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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