US Bancorp DE grew its stake in Urban Outfitters, Inc. (NASDAQ:URBN – Get Rating) by 323.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,477 shares of the apparel retailer’s stock after purchasing an additional 1,128 shares during the period. US Bancorp DE’s holdings in Urban Outfitters were worth $27,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of URBN. Shapiro Capital Management LLC raised its position in Urban Outfitters by 4.6% during the 1st quarter. Shapiro Capital Management LLC now owns 9,472,995 shares of the apparel retailer’s stock worth $237,867,000 after buying an additional 420,001 shares during the last quarter. Turtle Creek Asset Management Inc. boosted its holdings in Urban Outfitters by 41.3% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 5,560,507 shares of the apparel retailer’s stock valued at $139,624,000 after purchasing an additional 1,624,012 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Urban Outfitters by 8.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,990,653 shares of the apparel retailer’s stock worth $125,315,000 after purchasing an additional 403,537 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Urban Outfitters by 8.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,037,357 shares of the apparel retailer’s stock worth $101,382,000 after buying an additional 318,211 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Urban Outfitters by 9.2% in the 1st quarter. William Blair Investment Management LLC now owns 1,102,405 shares of the apparel retailer’s stock valued at $27,681,000 after buying an additional 92,590 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have commented on URBN. JPMorgan Chase & Co. raised their target price on Urban Outfitters from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, October 31st. Telsey Advisory Group decreased their price objective on shares of Urban Outfitters from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, August 24th. UBS Group increased their target price on shares of Urban Outfitters to $21.00 in a report on Monday, August 29th. Barclays boosted their price target on Urban Outfitters from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 25th. Finally, StockNews.com started coverage on Urban Outfitters in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.18.
Urban Outfitters Stock Up 2.4 %
Urban Outfitters (NASDAQ:URBN – Get Rating) last announced its earnings results on Tuesday, August 23rd. The apparel retailer reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.03). The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Urban Outfitters had a net margin of 4.70% and a return on equity of 12.81%. During the same period in the previous year, the firm posted $1.28 EPS. As a group, analysts anticipate that Urban Outfitters, Inc. will post 1.68 EPS for the current year.
About Urban Outfitters
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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.
- Get a free copy of the StockNews.com research report on Urban Outfitters (URBN)
- MarketBeat: Week in Review 11/7 – 11/11
- Oil Is a Compelling Reason The Sell-Off In Stocks Isn’t Over
- Is Mid-Cap Neurocrine Biosciences A Buy After Blowout Q3 Report?
- Six Flags is a Ride You Don’t Want to Get Stuck On
- Hanesbrands May be Signaling a Bad Week for Retail Stocks
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.