Dimensional Fund Advisors LP lifted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 32.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,252,727 shares of the apparel retailer’s stock after acquiring an additional 1,053,712 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.82% of Urban Outfitters worth $101,640,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Sun Life Financial INC purchased a new stake in shares of Urban Outfitters during the 2nd quarter worth approximately $151,000. Pacad Investment Ltd. purchased a new stake in shares of Urban Outfitters during the 2nd quarter worth approximately $191,000. BT Investment Management Ltd purchased a new stake in Urban Outfitters during the 2nd quarter valued at $196,000. Oppenheimer Asset Management Inc. raised its holdings in Urban Outfitters by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock valued at $198,000 after buying an additional 43 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in Urban Outfitters by 6.4% during the 2nd quarter. Pacer Advisors Inc. now owns 13,090 shares of the apparel retailer’s stock valued at $243,000 after buying an additional 789 shares during the period. Institutional investors own 86.24% of the company’s stock.
URBN has been the topic of several recent research reports. Jefferies Group increased their price target on Urban Outfitters to $34.00 and gave the company a “buy” rating in a report on Tuesday, November 21st. Robert W. Baird set a $27.00 price objective on Urban Outfitters and gave the company a “buy” rating in a research report on Saturday, November 18th. Buckingham Research upped their price objective on Urban Outfitters from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Tuesday, October 17th. Finally, SunTrust Banks set a $35.00 price objective on Urban Outfitters and gave the company a “buy” rating in a research report on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eleven have issued a buy rating to the company. Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $26.03.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The firm had revenue of $892.77 million during the quarter, compared to analysts’ expectations of $860.64 million. During the same period last year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. equities analysts expect that Urban Outfitters, Inc. will post 1.56 earnings per share for the current fiscal year.
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Urban Outfitters 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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