Thompson Investment Management Inc. raised its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 21.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,329 shares of the apparel retailer’s stock after buying an additional 18,279 shares during the period. Thompson Investment Management Inc. owned 0.11% of Urban Outfitters worth $2,959,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its holdings in Urban Outfitters by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 30,647 shares of the apparel retailer’s stock valued at $697,000 after buying an additional 431 shares in the last quarter. Advisor Group Inc. raised its holdings in Urban Outfitters by 13.4% during the second quarter. Advisor Group Inc. now owns 4,018 shares of the apparel retailer’s stock valued at $91,000 after buying an additional 476 shares in the last quarter. Signaturefd LLC raised its holdings in Urban Outfitters by 27.2% during the third quarter. Signaturefd LLC now owns 2,687 shares of the apparel retailer’s stock valued at $75,000 after buying an additional 575 shares in the last quarter. Comerica Bank raised its holdings in Urban Outfitters by 1.5% during the third quarter. Comerica Bank now owns 41,244 shares of the apparel retailer’s stock valued at $1,189,000 after buying an additional 593 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Urban Outfitters by 136.4% during the second quarter. Huntington National Bank now owns 1,300 shares of the apparel retailer’s stock valued at $30,000 after buying an additional 750 shares in the last quarter. Institutional investors own 74.00% of the company’s stock.
Several equities analysts have weighed in on the company. Morgan Stanley cut their target price on Urban Outfitters from $42.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. BidaskClub raised Urban Outfitters from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Loop Capital set a $35.00 price target on Urban Outfitters and gave the company a “buy” rating in a research report on Friday, September 13th. Wells Fargo & Co raised Urban Outfitters from a “market perform” rating to an “outperform” rating and raised their price target for the company from $25.00 to $30.00 in a research report on Monday, September 30th. Finally, Bank of America reaffirmed a “buy” rating and issued a $28.00 price target (down from $33.00) on shares of Urban Outfitters in a research report on Wednesday, August 21st. Twelve analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $29.71.
Shares of NASDAQ:URBN traded down $0.63 during midday trading on Friday, hitting $29.94. The company’s stock had a trading volume of 1,362,100 shares, compared to its average volume of 2,833,673. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.29 and a beta of 0.77. The stock’s 50 day simple moving average is $27.58 and its 200 day simple moving average is $25.11. Urban Outfitters, Inc. has a fifty-two week low of $19.63 and a fifty-two week high of $41.52. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.89 and a current ratio of 1.60.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Urban Outfitters had a return on equity of 18.10% and a net margin of 6.54%. The company had revenue of $962.30 million for the quarter, compared to the consensus estimate of $981.40 million. During the same period last year, the business posted $0.84 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. As a group, analysts anticipate that Urban Outfitters, Inc. will post 2.28 EPS for the current year.
About Urban Outfitters
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.
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