Parametric Portfolio Associates LLC raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 182.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 811,393 shares of the apparel retailer’s stock after purchasing an additional 524,469 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Urban Outfitters were worth $24,050,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in URBN. Norges Bank bought a new stake in Urban Outfitters in the fourth quarter valued at approximately $42,713,000. Oregon Public Employees Retirement Fund lifted its position in Urban Outfitters by 3,059.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,003,171 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 971,424 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in Urban Outfitters by 115.8% in the third quarter. TIAA CREF Investment Management LLC now owns 1,435,098 shares of the apparel retailer’s stock valued at $58,696,000 after purchasing an additional 770,002 shares during the last quarter. Bank of America Corp DE lifted its position in Urban Outfitters by 41.1% in the fourth quarter. Bank of America Corp DE now owns 1,627,118 shares of the apparel retailer’s stock valued at $54,020,000 after purchasing an additional 473,667 shares during the last quarter. Finally, FMR LLC lifted its position in Urban Outfitters by 6.9% in the fourth quarter. FMR LLC now owns 5,682,118 shares of the apparel retailer’s stock valued at $188,646,000 after purchasing an additional 368,920 shares during the last quarter. Hedge funds and other institutional investors own 73.59% of the company’s stock.

URBN opened at $22.83 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.76. Urban Outfitters, Inc. has a 52-week low of $22.19 and a 52-week high of $52.50. The company has a market cap of $2.33 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 0.83 and a beta of 0.77.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The business had revenue of $864.41 million for the quarter, compared to analyst estimates of $857.31 million. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.07%. During the same quarter in the previous year, the business posted $0.38 EPS. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 2.42 EPS for the current year.

In related news, CEO Trish Donnelly sold 9,144 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $34.00, for a total transaction of $310,896.00. Following the completion of the sale, the chief executive officer now owns 10,295 shares of the company’s stock, valued at approximately $350,030. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joel S. Lawson III sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $29.31, for a total transaction of $293,100.00. Following the sale, the director now directly owns 17,000 shares of the company’s stock, valued at approximately $498,270. The disclosure for this sale can be found here. Insiders have sold a total of 104,200 shares of company stock worth $3,237,851 in the last 90 days. Company insiders own 24.80% of the company’s stock.

Several brokerages have weighed in on URBN. Wedbush boosted their price objective on Urban Outfitters from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, April 5th. BidaskClub raised Urban Outfitters from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Zacks Investment Research raised Urban Outfitters from a “sell” rating to a “hold” rating in a research note on Friday, April 12th. Telsey Advisory Group reissued a “market perform” rating and set a $35.00 target price (down from $36.00) on shares of Urban Outfitters in a research note on Friday, February 8th. Finally, Wells Fargo & Co reduced their target price on Urban Outfitters from $35.00 to $30.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 6th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $38.04.

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

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