Hsbc Holdings PLC Makes New $1.61 Million Investment in Urban Outfitters, Inc. $URBN

Hsbc Holdings PLC bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBNFree Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 22,671 shares of the apparel retailer’s stock, valued at approximately $1,613,000.

Several other hedge funds have also made changes to their positions in the company. Jupiter Asset Management Ltd. grew its holdings in Urban Outfitters by 33.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock worth $97,646,000 after acquiring an additional 327,453 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in shares of Urban Outfitters in the 4th quarter valued at about $7,539,000. HighTower Advisors LLC raised its holdings in shares of Urban Outfitters by 883.4% in the 4th quarter. HighTower Advisors LLC now owns 43,081 shares of the apparel retailer’s stock valued at $3,242,000 after purchasing an additional 38,700 shares in the last quarter. UBS Group AG lifted its position in shares of Urban Outfitters by 339.3% in the 4th quarter. UBS Group AG now owns 641,454 shares of the apparel retailer’s stock worth $48,276,000 after purchasing an additional 495,441 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Urban Outfitters by 110.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 100,480 shares of the apparel retailer’s stock worth $6,365,000 after purchasing an additional 52,645 shares during the period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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Urban Outfitters Price Performance

NASDAQ:URBN opened at $81.09 on Monday. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.28 and a beta of 1.23. Urban Outfitters, Inc. has a 52 week low of $59.53 and a 52 week high of $85.43. The firm has a 50 day moving average of $74.04 and a 200 day moving average of $70.84.

Urban Outfitters (NASDAQ:URBNGet Free Report) last released its quarterly earnings results on Wednesday, August 26th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.72. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts expect that Urban Outfitters, Inc. will post 6.14 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday. UBS Group lifted their price target on Urban Outfitters from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday. Weiss Ratings raised Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 24th. Finally, JPMorgan Chase & Co. upped their price objective on Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

View Our Latest Research Report on Urban Outfitters

Urban Outfitters Profile

(Free Report)

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.

Further Reading

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

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