Banco de Sabadell S.A acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 121,533 shares of the apparel retailer’s stock, valued at approximately $4,260,000. Banco de Sabadell S.A owned 0.11% of Urban Outfitters as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Legal & General Group Plc raised its holdings in shares of Urban Outfitters by 6.3% during the third quarter. Legal & General Group Plc now owns 119,189 shares of the apparel retailer’s stock worth $2,849,000 after acquiring an additional 7,046 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Urban Outfitters by 42.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after acquiring an additional 1,522 shares during the period. Contravisory Investment Management Inc. acquired a new stake in Urban Outfitters in the 4th quarter valued at $414,000. Emerald Advisers Inc. PA acquired a new stake in Urban Outfitters in the 4th quarter valued at $297,000. Finally, Royce & Associates LP increased its stake in Urban Outfitters by 11.8% in the 3rd quarter. Royce & Associates LP now owns 95,000 shares of the apparel retailer’s stock valued at $2,271,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 76.74% of the company’s stock.
Several equities research analysts have issued reports on URBN shares. Robert W. Baird reiterated a “buy” rating and issued a $42.00 price target (up from $39.00) on shares of Urban Outfitters in a research note on Wednesday, March 7th. Royal Bank of Canada set a $40.00 price target on shares of Urban Outfitters and gave the company a “hold” rating in a research note on Tuesday, March 6th. Jefferies Group reiterated a “buy” rating and issued a $40.00 price target on shares of Urban Outfitters in a research note on Monday, December 18th. KeyCorp lifted their price target on shares of Urban Outfitters to $3.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. Finally, BidaskClub lowered shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $30.85.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Urban Outfitters had a net margin of 2.99% and a return on equity of 14.19%. Urban Outfitters’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. equities analysts predict that Urban Outfitters, Inc. will post 2.25 earnings per share for the current year.
In related news, COO Calvin Hollinger sold 17,397 shares of Urban Outfitters stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $35.25, for a total transaction of $613,244.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Frank Conforti sold 20,941 shares of Urban Outfitters stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $35.27, for a total transaction of $738,589.07. The disclosure for this sale can be found here. Insiders have sold a total of 100,765 shares of company stock valued at $3,566,394 in the last ninety days. 26.30% of the stock is currently owned by insiders.
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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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