Peregrine Capital Management LLC increased its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,260 shares of the apparel retailer’s stock after acquiring an additional 3,926 shares during the quarter. Peregrine Capital Management LLC’s holdings in Urban Outfitters were worth $4,174,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in Urban Outfitters by 81.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 796 shares in the last quarter. Smithfield Trust Co. increased its stake in Urban Outfitters by 72.2% during the 1st quarter. Smithfield Trust Co. now owns 3,100 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 1,300 shares in the last quarter. Dupont Capital Management Corp bought a new stake in Urban Outfitters during the 1st quarter valued at $47,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Urban Outfitters by 17.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,521 shares of the apparel retailer’s stock valued at $73,000 after purchasing an additional 368 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its stake in Urban Outfitters by 10.3% during the 1st quarter. State of Tennessee Treasury Department now owns 6,338 shares of the apparel retailer’s stock valued at $90,000 after purchasing an additional 593 shares in the last quarter. Institutional investors and hedge funds own 71.47% of the company’s stock.
A number of analysts have commented on URBN shares. Wedbush decreased their price target on shares of Urban Outfitters from $25.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, May 18th. ValuEngine raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Monday, June 1st. Barclays cut their price objective on shares of Urban Outfitters from $25.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Telsey Advisory Group cut their price objective on shares of Urban Outfitters from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, DA Davidson lifted their price objective on shares of Urban Outfitters from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. Urban Outfitters currently has a consensus rating of “Hold” and a consensus price target of $20.33.
Shares of URBN opened at $16.54 on Friday. The business’s 50-day moving average price is $16.32 and its 200-day moving average price is $19.32. Urban Outfitters, Inc. has a twelve month low of $12.28 and a twelve month high of $31.41. The stock has a market cap of $1.62 billion, a PE ratio of 45.94 and a beta of 1.27. The company has a quick ratio of 1.27, a current ratio of 1.77 and a debt-to-equity ratio of 1.01.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, May 19th. The apparel retailer reported ($1.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($1.15). Urban Outfitters had a negative net margin of 0.08% and a positive return on equity of 2.65%. The company had revenue of $588.50 million for the quarter, compared to the consensus estimate of $637.99 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was down 31.9% on a year-over-year basis. Analysts expect that Urban Outfitters, Inc. will post -0.92 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.
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