Kistler Tiffany Companies LLC acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,158 shares of the apparel retailer’s stock, valued at approximately $33,000.
A number of other institutional investors also recently bought and sold shares of the stock. Oakbrook Investments LLC purchased a new stake in Urban Outfitters during the 3rd quarter worth about $219,000. Signaturefd LLC increased its position in Urban Outfitters by 27.2% during the 3rd quarter. Signaturefd LLC now owns 2,687 shares of the apparel retailer’s stock worth $75,000 after purchasing an additional 575 shares in the last quarter. Boenning & Scattergood Inc. increased its position in Urban Outfitters by 1.7% during the 3rd quarter. Boenning & Scattergood Inc. now owns 59,553 shares of the apparel retailer’s stock worth $1,673,000 after purchasing an additional 984 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Urban Outfitters by 80.4% in the 3rd quarter. Pacer Advisors Inc. now owns 49,605 shares of the apparel retailer’s stock valued at $1,393,000 after buying an additional 22,113 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. grew its holdings in Urban Outfitters by 10.2% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 414,685 shares of the apparel retailer’s stock valued at $11,649,000 after buying an additional 38,219 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Several analysts have commented on URBN shares. Loop Capital set a $35.00 price target on Urban Outfitters and gave the company a “buy” rating in a report on Friday, September 13th. MKM Partners decreased their target price on Urban Outfitters to $25.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Robert W. Baird decreased their target price on Urban Outfitters from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Wolfe Research decreased their target price on Urban Outfitters from $30.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, August 21st. Finally, Wells Fargo & Co upgraded Urban Outfitters from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $25.00 to $30.00 in a report on Monday, September 30th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Urban Outfitters currently has a consensus rating of “Hold” and a consensus target price of $29.71.
Urban Outfitters stock opened at $27.69 on Monday. The stock’s 50 day moving average price is $25.67 and its 200 day moving average price is $25.39. The firm has a market capitalization of $2.70 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.89 and a current ratio of 1.60. Urban Outfitters, Inc. has a one year low of $19.63 and a one year high of $41.77.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $962.30 million for the quarter, compared to analyst estimates of $981.40 million. Urban Outfitters had a return on equity of 18.10% and a net margin of 6.54%. Urban Outfitters’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. On average, analysts forecast that Urban Outfitters, Inc. will post 2.28 earnings per share for the current fiscal year.
Urban Outfitters Profile
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.
Further Reading: Capital Gains Distribution
Want to see what other hedge funds are holding URBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Outfitters, Inc. (NASDAQ:URBN).
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.