ING Groep NV Purchases Shares of 11,092 Urban Outfitters, Inc. (URBN)
ING Groep NV purchased a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,092 shares of the apparel retailer’s stock, valued at approximately $206,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Teachers Advisors LLC increased its position in Urban Outfitters by 184.0% in the fourth quarter. Teachers Advisors LLC now owns 673,315 shares of the apparel retailer’s stock worth $19,176,000 after buying an additional 436,206 shares in the last quarter. Skylands Capital LLC acquired a new position in Urban Outfitters during the first quarter worth $2,117,000. Louisiana State Employees Retirement System acquired a new position in Urban Outfitters during the first quarter worth $530,000. SeaBridge Investment Advisors LLC increased its position in Urban Outfitters by 51.8% in the first quarter. SeaBridge Investment Advisors LLC now owns 273,143 shares of the apparel retailer’s stock worth $6,490,000 after buying an additional 93,178 shares in the last quarter. Finally, Capital Impact Advisors LLC increased its position in Urban Outfitters by 5.3% in the first quarter. Capital Impact Advisors LLC now owns 48,914 shares of the apparel retailer’s stock worth $1,162,000 after buying an additional 2,457 shares in the last quarter. Institutional investors and hedge funds own 82.82% of the company’s stock.
Urban Outfitters, Inc. (NASDAQ URBN) traded up 3.32% during mid-day trading on Friday, reaching $17.76. 4,907,501 shares of the company’s stock traded hands. The firm has a 50 day moving average of $18.41 and a 200 day moving average of $21.84. Urban Outfitters, Inc. has a 1-year low of $16.19 and a 1-year high of $40.80. The firm has a market cap of $2.06 billion, a PE ratio of 10.37 and a beta of 0.66.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.88%. The company had revenue of $761.20 million during the quarter, compared to analyst estimates of $768.95 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Analysts forecast that Urban Outfitters, Inc. will post $1.39 EPS for the current year.
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A number of research analysts have recently weighed in on URBN shares. Wolfe Research downgraded shares of Urban Outfitters from an “outperform” rating to a “peer perform” rating in a report on Tuesday, May 9th. Zacks Investment Research upgraded shares of Urban Outfitters from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Deutsche Bank AG restated a “hold” rating and set a $25.00 price target (up previously from $24.00) on shares of Urban Outfitters in a report on Monday, May 15th. Royal Bank Of Canada set a $22.00 price target on shares of Urban Outfitters and gave the company a “hold” rating in a report on Monday, May 15th. Finally, FBR & Co restated a “hold” rating and set a $24.00 price target (down previously from $28.00) on shares of Urban Outfitters in a report on Wednesday, May 17th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $25.28.
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.
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