Two Sigma Advisers LP lifted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 263.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,137,687 shares of the apparel retailer’s stock after buying an additional 824,876 shares during the period. Two Sigma Advisers LP owned approximately 1.05% of Urban Outfitters worth $39,887,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in URBN. Aperio Group LLC increased its holdings in Urban Outfitters by 41.5% during the 3rd quarter. Aperio Group LLC now owns 28,240 shares of the apparel retailer’s stock valued at $675,000 after purchasing an additional 8,286 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Urban Outfitters during the 3rd quarter valued at about $394,000. Principal Financial Group Inc. increased its holdings in Urban Outfitters by 15.1% during the 3rd quarter. Principal Financial Group Inc. now owns 431,350 shares of the apparel retailer’s stock valued at $10,309,000 after purchasing an additional 56,618 shares during the period. New York State Common Retirement Fund increased its holdings in Urban Outfitters by 27.0% during the 3rd quarter. New York State Common Retirement Fund now owns 246,100 shares of the apparel retailer’s stock valued at $5,882,000 after purchasing an additional 52,260 shares during the period. Finally, Rhumbline Advisers increased its holdings in Urban Outfitters by 15.1% during the 3rd quarter. Rhumbline Advisers now owns 172,894 shares of the apparel retailer’s stock valued at $4,132,000 after purchasing an additional 22,671 shares during the period. Hedge funds and other institutional investors own 76.74% of the company’s stock.
In related news, General Counsel Azeez Hayne sold 11,421 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $35.49, for a total value of $405,331.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Frank Conforti sold 20,941 shares of the business’s stock in a transaction that occurred on 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. Over the last 90 days, insiders sold 100,765 shares of company stock valued at $3,566,394. 26.30% of the stock is owned by company insiders.
URBN has been the topic of a number of research analyst reports. SunTrust Banks set a $35.00 price target on Urban Outfitters and gave the company a “buy” rating in a report on Monday, December 11th. Robert W. Baird reaffirmed a “buy” rating on shares of Urban Outfitters in a research report on Friday, November 24th. Jefferies Group lifted their price objective on Urban Outfitters to $34.00 and gave the company a “buy” rating in a research report on Tuesday, November 21st. KeyCorp reaffirmed a “buy” rating on shares of Urban Outfitters in a research report on Friday, December 15th. Finally, BidaskClub cut Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $30.85.
Shares of Urban Outfitters, Inc. (NASDAQ:URBN) opened at $35.93 on Friday. Urban Outfitters, Inc. has a 12-month low of $16.19 and a 12-month high of $38.28. The company has a market capitalization of $3,829.83, a P/E ratio of 21.19, a PEG ratio of 1.31 and a beta of 0.56.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, topping 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 analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities analysts anticipate that Urban Outfitters, Inc. will post 2.25 EPS for the current year.
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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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