Livforsakringsbolaget Skandia Omsesidigt Has $6.04 Million Stake in Urban Outfitters, Inc. $URBN

Livforsakringsbolaget Skandia Omsesidigt raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 11.9% in the third quarter, Holdings Channel reports. The fund owned 84,500 shares of the apparel retailer’s stock after purchasing an additional 9,000 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Urban Outfitters were worth $6,036,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Urban Outfitters by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after purchasing an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Urban Outfitters by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after buying an additional 13,554 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Urban Outfitters by 10.7% during the second quarter. PNC Financial Services Group Inc. now owns 21,355 shares of the apparel retailer’s stock worth $1,549,000 after buying an additional 2,067 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Urban Outfitters by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock valued at $110,646,000 after acquiring an additional 12,965 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Urban Outfitters by 4.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 14,303 shares of the apparel retailer’s stock valued at $1,038,000 after acquiring an additional 640 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Up 1.3%

Shares of Urban Outfitters stock opened at $65.39 on Wednesday. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 1.25 and a beta of 1.23. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35. The company’s fifty day moving average is $69.39 and its 200 day moving average is $70.56.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.19. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.79 billion. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.Urban Outfitters’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $1.04 EPS. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $70.50, for a total value of $657,976.50. Following the transaction, the insider directly owned 1,933,859 shares of the company’s stock, valued at $136,337,059.50. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $752,023.50. Following the completion of the sale, the chief executive officer owned 17,449,385 shares in the company, valued at $1,230,181,642.50. The trade was a 0.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 433,517 shares of company stock valued at $32,248,530. Insiders own 31.80% of the company’s stock.

Analysts Set New Price Targets

URBN has been the topic of several recent research reports. Barclays raised their price objective on Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Telsey Advisory Group reiterated an “outperform” rating and issued a $98.00 target price on shares of Urban Outfitters in a research report on Thursday, February 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. Finally, Wall Street Zen raised Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.25.

Urban Outfitters Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.