HBK Sorce Advisory LLC acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,722 shares of the apparel retailer’s stock, valued at approximately $341,000.
Several other institutional investors also recently made changes to their positions in the company. Vident Investment Advisory LLC raised its stake in shares of Urban Outfitters by 8.8% during the 4th quarter. Vident Investment Advisory LLC now owns 149,492 shares of the apparel retailer’s stock worth $5,241,000 after purchasing an additional 12,134 shares in the last quarter. Clark Capital Management Group Inc. bought a new stake in shares of Urban Outfitters during the 4th quarter worth approximately $2,320,000. Millennium Management LLC bought a new stake in shares of Urban Outfitters during the 4th quarter worth approximately $17,085,000. 1492 Capital Management LLC bought a new stake in Urban Outfitters in the 4th quarter valued at $774,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in Urban Outfitters in the 4th quarter valued at $11,706,000. Institutional investors own 76.74% of the company’s stock.
URBN has been the topic of a number of research analyst reports. Wolfe Research increased their price target on Urban Outfitters from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research note on Thursday, November 23rd. Telsey Advisory Group increased their price target on Urban Outfitters from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, January 2nd. SunTrust Banks set a $35.00 price target on Urban Outfitters and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, BidaskClub upgraded Urban Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.85.
Urban Outfitters stock opened at $35.93 on Monday. Urban Outfitters, Inc. has a 1-year low of $16.19 and a 1-year high of $38.28. The company has a market capitalization of $3,889.37, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 1.33 and a beta of 0.56.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted $0.55 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. equities research analysts predict that Urban Outfitters, Inc. will post 2.25 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “HBK Sorce Advisory LLC Takes $341,000 Position in Urban Outfitters, Inc. (URBN)” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://stocknewstimes.com/2018/03/19/hbk-sorce-advisory-llc-takes-341000-position-in-urban-outfitters-inc-urbn.html.
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.
Want to see what other hedge funds are holding URBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Outfitters, Inc. (NASDAQ:URBN).
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.