Price T Rowe Associates Inc. MD Acquires 1,095 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,828 shares of the apparel retailer’s stock after purchasing an additional 1,095 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Urban Outfitters were worth $1,477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its holdings in shares of Urban Outfitters by 1.5% during the first quarter. Thrivent Financial for Lutherans now owns 18,197 shares of the apparel retailer’s stock worth $677,000 after buying an additional 276 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Urban Outfitters by 1.0% during the second quarter. State Board of Administration of Florida Retirement System now owns 28,979 shares of the apparel retailer’s stock worth $1,195,000 after buying an additional 298 shares in the last quarter. Deutsche Bank AG increased its holdings in Urban Outfitters by 0.7% in the second quarter. Deutsche Bank AG now owns 46,287 shares of the apparel retailer’s stock valued at $1,909,000 after purchasing an additional 318 shares during the period. Federated Hermes Inc. increased its holdings in Urban Outfitters by 0.7% in the second quarter. Federated Hermes Inc. now owns 58,444 shares of the apparel retailer’s stock valued at $2,409,000 after purchasing an additional 398 shares during the period. Finally, Clifford Capital Partners LLC increased its holdings in Urban Outfitters by 5.9% in the second quarter. Clifford Capital Partners LLC now owns 9,111 shares of the apparel retailer’s stock valued at $376,000 after purchasing an additional 510 shares during the period. Hedge funds and other institutional investors own 68.64% of the company’s stock.

In related news, CAO Azeez Hayne sold 1,100 shares of the firm’s stock in a transaction dated Wednesday, November 3rd. The shares were sold at an average price of $35.00, for a total value of $38,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 27.50% of the stock is currently owned by company insiders.

A number of analysts recently weighed in on the company. B. Riley upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price objective for the company from $36.00 to $45.00 in a report on Tuesday, November 16th. Zacks Investment Research downgraded Urban Outfitters from a “strong-buy” rating to a “sell” rating and set a $33.00 price objective for the company. in a report on Tuesday, October 26th. JPMorgan Chase & Co. increased their price target on Urban Outfitters from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, August 16th. Morgan Stanley increased their price target on Urban Outfitters from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Urban Outfitters from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, August 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters has an average rating of “Hold” and an average target price of $39.82.

URBN stock opened at $33.04 on Thursday. The stock has a market capitalization of $3.25 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 0.59 and a beta of 1.57. The company’s 50-day moving average is $32.53 and its 200-day moving average is $35.50. Urban Outfitters, Inc. has a 1 year low of $24.40 and a 1 year high of $42.10.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Monday, November 22nd. The apparel retailer reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.05. Urban Outfitters had a net margin of 6.91% and a return on equity of 18.77%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue was up 16.7% on a year-over-year basis. As a group, research analysts forecast that Urban Outfitters, Inc. will post 3.33 EPS for the current year.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.

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

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