Olympiad Research LP Has $290,000 Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Olympiad Research LP raised its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 43.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,561 shares of the apparel retailer’s stock after purchasing an additional 2,301 shares during the period. Olympiad Research LP’s holdings in Urban Outfitters were worth $290,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Asset Management One Co. Ltd. acquired a new stake in shares of Urban Outfitters in the 3rd quarter valued at $47,000. Ground Swell Capital LLC acquired a new stake in shares of Urban Outfitters in the 3rd quarter valued at $223,000. James Investment Research Inc. lifted its stake in shares of Urban Outfitters by 33.2% in the 3rd quarter. James Investment Research Inc. now owns 10,521 shares of the apparel retailer’s stock valued at $403,000 after purchasing an additional 2,620 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Urban Outfitters by 26.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock valued at $142,000 after purchasing an additional 785 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Urban Outfitters by 80.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 139,361 shares of the apparel retailer’s stock valued at $5,339,000 after purchasing an additional 62,343 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Analyst Upgrades and Downgrades

URBN has been the subject of several analyst reports. Morgan Stanley reduced their price objective on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. BMO Capital Markets cut their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. Jefferies Financial Group cut their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. Telsey Advisory Group lowered shares of Urban Outfitters from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $49.00 to $44.00 in a research report on Thursday, August 22nd. Finally, Barclays cut their target price on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Urban Outfitters has an average rating of “Hold” and a consensus target price of $42.30.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 31.80% of the stock is currently owned by insiders.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $37.31 on Friday. The firm’s 50-day moving average is $36.55 and its 200-day moving average is $40.17. Urban Outfitters, Inc. has a 52-week low of $31.37 and a 52-week high of $48.90. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 0.88 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.24. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS. Equities analysts predict that Urban Outfitters, Inc. will post 3.63 EPS for the current year.

Urban Outfitters Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. 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 apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.