Alps Advisors Inc. lowered its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 5.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,870 shares of the apparel retailer’s stock after selling 679 shares during the period. Alps Advisors Inc.’s holdings in Urban Outfitters were worth $293,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Huntington National Bank grew its holdings in Urban Outfitters by 136.4% during the 2nd quarter. Huntington National Bank now owns 1,300 shares of the apparel retailer’s stock worth $30,000 after acquiring an additional 750 shares in the last quarter. Parallel Advisors LLC grew its holdings in Urban Outfitters by 114.9% during the 1st quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock worth $35,000 after acquiring an additional 631 shares in the last quarter. Signaturefd LLC grew its holdings in Urban Outfitters by 178.1% during the 1st quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock worth $37,000 after acquiring an additional 789 shares in the last quarter. Royce & Associates LP acquired a new position in Urban Outfitters during the 1st quarter worth approximately $50,000. Finally, Twin Tree Management LP acquired a new position in shares of Urban Outfitters in the 1st quarter valued at $55,000. Hedge funds and other institutional investors own 74.16% of the company’s stock.
Several research analysts have recently issued reports on the stock. Nomura lowered their target price on shares of Urban Outfitters from $32.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. Telsey Advisory Group restated a “market perform” rating and issued a $29.00 target price (down previously from $33.00) on shares of Urban Outfitters in a report on Wednesday, May 22nd. Jefferies Financial Group set a $35.00 target price on shares of Urban Outfitters and gave the company a “buy” rating in a report on Wednesday, August 21st. Deutsche Bank lowered their target price on shares of Urban Outfitters from $29.00 to $28.00 and set a “hold” rating for the company in a report on Friday, August 16th. Finally, MKM Partners lowered their target price on shares of Urban Outfitters to $25.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $29.41.
URBN stock opened at $26.34 on Friday. The company has a fifty day moving average price of $22.55 and a 200 day moving average price of $25.94. Urban Outfitters, Inc. has a 12 month low of $19.63 and a 12 month high of $44.64. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 1.09 and a beta of 0.72. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.60 and a quick ratio of 0.89.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $962.30 million during the quarter, compared to the consensus estimate of $981.40 million. Urban Outfitters had a net margin of 6.54% and a return on equity of 18.10%. Urban Outfitters’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. As a group, analysts anticipate that Urban Outfitters, Inc. will post 2.3 earnings per share for the current year.
About Urban Outfitters
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.
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