Wells Fargo & Company MN Acquires 63,113 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Wells Fargo & Company MN increased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 13.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 542,190 shares of the apparel retailer’s stock after buying an additional 63,113 shares during the period. Wells Fargo & Company MN owned 0.55% of Urban Outfitters worth $7,720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Urban Outfitters by 17.1% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,521 shares of the apparel retailer’s stock worth $73,000 after buying an additional 368 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Urban Outfitters by 77.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 979 shares of the apparel retailer’s stock worth $27,000 after buying an additional 427 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of Urban Outfitters by 1.4% during the fourth quarter. Mason Street Advisors LLC now owns 37,520 shares of the apparel retailer’s stock worth $1,042,000 after buying an additional 530 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Urban Outfitters by 2.8% during the first quarter. Pacer Advisors Inc. now owns 24,209 shares of the apparel retailer’s stock worth $451,000 after buying an additional 658 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Urban Outfitters by 0.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 101,177 shares of the apparel retailer’s stock worth $2,810,000 after buying an additional 864 shares during the last quarter. 71.97% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. BMO Capital Markets lowered their target price on shares of Urban Outfitters from $26.00 to $22.00 and set a “market perform” rating for the company in a research note on Wednesday, March 4th. Barclays lowered their target price on shares of Urban Outfitters from $25.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Citigroup lowered their target price on shares of Urban Outfitters from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Wedbush lowered their target price on shares of Urban Outfitters from $25.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, May 18th. Finally, ValuEngine raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Urban Outfitters presently has a consensus rating of “Hold” and an average price target of $20.56.

Shares of URBN opened at $15.03 on Tuesday. Urban Outfitters, Inc. has a 12 month low of $12.28 and a 12 month high of $31.41. The firm has a fifty day simple moving average of $17.58 and a 200 day simple moving average of $21.16. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -375.75 and a beta of 1.27. The company has a current ratio of 1.77, a quick ratio of 1.27 and a debt-to-equity ratio of 1.01.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, May 19th. The apparel retailer reported ($1.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($1.15). Urban Outfitters had a positive return on equity of 2.65% and a negative net margin of 0.08%. The business had revenue of $588.50 million for the quarter, compared to analyst estimates of $637.99 million. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue for the quarter was down 31.9% compared to the same quarter last year. As a group, research analysts predict that Urban Outfitters, Inc. will post -0.94 earnings per share for the current fiscal year.

Urban Outfitters Company Profile

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

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