Urban Outfitters, Inc. (URBN) Stake Decreased by BlackRock Group LTD
BlackRock Group LTD lowered its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 65.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 245,255 shares of the apparel retailer’s stock after selling 459,880 shares during the period. BlackRock Group LTD owned about 0.21% of Urban Outfitters worth $8,465,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of URBN. Acadian Asset Management LLC increased its stake in Urban Outfitters by 304.6% in the second quarter. Acadian Asset Management LLC now owns 19,365 shares of the apparel retailer’s stock worth $532,000 after buying an additional 14,579 shares during the last quarter. IBM Retirement Fund increased its stake in Urban Outfitters by 3.4% in the second quarter. IBM Retirement Fund now owns 9,019 shares of the apparel retailer’s stock worth $248,000 after buying an additional 299 shares during the last quarter. LS Investment Advisors LLC increased its stake in Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock worth $129,000 after buying an additional 651 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in Urban Outfitters by 9.5% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,160,517 shares of the apparel retailer’s stock worth $31,914,000 after buying an additional 100,365 shares during the last quarter. Finally, Oakbrook Investments LLC increased its stake in Urban Outfitters by 17.8% in the second quarter. Oakbrook Investments LLC now owns 11,900 shares of the apparel retailer’s stock worth $327,000 after buying an additional 1,800 shares during the last quarter. 76.83% of the stock is owned by institutional investors.
Shares of Urban Outfitters, Inc. (NASDAQ:URBN) traded up 0.63% during trading on Friday, hitting $27.19. The stock had a trading volume of 95,150 shares. The firm’s 50-day moving average is $31.71 and its 200 day moving average is $32.71. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 14.13 and a beta of 0.63. Urban Outfitters, Inc. has a 52-week low of $20.06 and a 52-week high of $40.80.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.04. The business earned $862.50 million during the quarter. Urban Outfitters had a return on equity of 18.88% and a net margin of 6.42%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.42 earnings per share. On average, analysts expect that Urban Outfitters, Inc. will post $1.92 EPS for the current year.
A number of analysts recently weighed in on URBN shares. Cowen and Company set a $37.00 target price on Urban Outfitters and gave the stock a “hold” rating in a research report on Thursday, November 24th. FBR & Co restated a “market perform” rating and issued a $31.00 target price on shares of Urban Outfitters in a research report on Saturday, November 26th. Vetr upgraded Urban Outfitters from a “buy” rating to a “strong-buy” rating and set a $35.50 price objective for the company in a research report on Monday, December 19th. BMO Capital Markets reiterated a “market perform” rating and issued a $34.00 price objective on shares of Urban Outfitters in a research report on Wednesday, November 23rd. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Urban Outfitters in a research report on Tuesday. Twenty-one research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.62.
In related news, General Counsel Azeez Hayne sold 6,260 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $39.95, for a total value of $250,087.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.30% of the stock is owned by corporate insiders.
Urban Outfitters Company Profile
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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