Acadian Asset Management LLC lifted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 7,060.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,086 shares of the apparel retailer’s stock after purchasing an additional 62,205 shares during the quarter. Acadian Asset Management LLC owned 0.06% of Urban Outfitters worth $2,212,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Urban Outfitters by 2.4% during the second quarter. FMR LLC now owns 5,986,454 shares of the apparel retailer’s stock valued at $110,988,000 after purchasing an additional 139,356 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Urban Outfitters by 32.9% during the third quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock worth $101,640,000 after acquiring an additional 1,053,712 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Urban Outfitters by 7.8% during the third quarter. Bank of New York Mellon Corp now owns 4,234,875 shares of the apparel retailer’s stock worth $101,215,000 after acquiring an additional 308,063 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of Urban Outfitters by 59.2% during the second quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock worth $33,928,000 after acquiring an additional 680,511 shares during the last quarter. Finally, Senvest Management LLC bought a new position in shares of Urban Outfitters during the third quarter worth about $36,629,000. 83.54% of the stock is currently owned by institutional investors and hedge funds.
Urban Outfitters, Inc. (NASDAQ:URBN) opened at $33.70 on Tuesday. The firm has a market capitalization of $3,650.00, a PE ratio of 22.47, a price-to-earnings-growth ratio of 1.48 and a beta of 0.62. Urban Outfitters, Inc. has a one year low of $16.19 and a one year high of $36.10.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The business had revenue of $892.77 million for the quarter, compared to analyst estimates of $860.64 million. During the same period in the prior year, the company earned $0.40 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. equities analysts forecast that Urban Outfitters, Inc. will post 1.57 EPS for the current year.
A number of equities analysts have recently issued reports on the company. B. Riley restated a “neutral” rating on shares of Urban Outfitters in a research report on Wednesday, November 1st. SunTrust Banks reiterated a “buy” rating and issued a $40.00 target price on shares of Urban Outfitters in a report on Friday, February 2nd. Jefferies Group lifted their target price on Urban Outfitters to $34.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. Robert W. Baird restated a “buy” rating on shares of Urban Outfitters in a report on Friday, November 24th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $28.00 price objective (up previously from $19.00) on shares of Urban Outfitters in a report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have given a buy rating to the stock. Urban Outfitters presently has an average rating of “Hold” and a consensus price target of $26.62.
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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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