Two Sigma Advisers LP Boosts Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Two Sigma Advisers LP boosted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 263.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,137,687 shares of the apparel retailer’s stock after acquiring an additional 824,876 shares during the quarter. Two Sigma Advisers LP owned 1.05% of Urban Outfitters worth $39,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of URBN. Senvest Management LLC bought a new stake in Urban Outfitters during the 3rd quarter worth about $36,629,000. Dimensional Fund Advisors LP lifted its position in Urban Outfitters by 32.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock worth $101,640,000 after buying an additional 1,053,712 shares in the last quarter. Majedie Asset Management Ltd bought a new stake in Urban Outfitters during the 3rd quarter worth about $11,960,000. Shellback Capital LP bought a new stake in Urban Outfitters during the 4th quarter worth about $14,024,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Urban Outfitters during the 4th quarter worth about $12,679,000. 76.74% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts have commented on URBN shares. Robert W. Baird reissued a “buy” rating and set a $42.00 price target (up from $39.00) on shares of Urban Outfitters in a research report on Wednesday, March 7th. Royal Bank of Canada set a $40.00 target price on shares of Urban Outfitters and gave the company a “hold” rating in a report on Tuesday, March 6th. Jefferies Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of Urban Outfitters in a report on Monday, December 18th. BidaskClub cut shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Urban Outfitters in a report on Friday, December 15th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $31.44.

In other news, CEO Margaret Hayne sold 41,100 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $36.65, for a total transaction of $1,506,315.00. Following the completion of the transaction, the chief executive officer now owns 1,066,184 shares of the company’s stock, valued at $39,075,643.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Calvin Hollinger sold 17,397 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $35.25, for a total transaction of $613,244.25. The disclosure for this sale can be found here. In the last three months, insiders sold 191,865 shares of company stock valued at $6,907,509. 26.30% of the stock is owned by insiders.

Shares of Urban Outfitters stock traded down $0.01 on Friday, reaching $38.54. 5,754,913 shares of the stock were exchanged, compared to its average volume of 2,020,621. Urban Outfitters, Inc. has a one year low of $16.19 and a one year high of $38.70. The company has a market cap of $4,182.75, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.42 and a beta of 0.54.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.06. The company 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%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. equities analysts predict that Urban Outfitters, Inc. will post 2.27 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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