Martingale Asset Management L P Purchases 3,952 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Martingale Asset Management L P grew its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 13.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,433 shares of the apparel retailer’s stock after acquiring an additional 3,952 shares during the period. Martingale Asset Management L P’s holdings in Urban Outfitters were worth $1,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of URBN. Price T Rowe Associates Inc. MD raised its stake in shares of Urban Outfitters by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 33,202 shares of the apparel retailer’s stock valued at $1,442,000 after acquiring an additional 2,307 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Urban Outfitters by 5.8% during the first quarter. Tidal Investments LLC now owns 18,575 shares of the apparel retailer’s stock valued at $807,000 after acquiring an additional 1,016 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Urban Outfitters by 287.4% during the second quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock valued at $1,901,000 after acquiring an additional 34,350 shares during the last quarter. CWM LLC raised its stake in shares of Urban Outfitters by 165.6% during the second quarter. CWM LLC now owns 2,085 shares of the apparel retailer’s stock valued at $86,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Wesbanco Bank Inc. bought a new position in shares of Urban Outfitters during the second quarter valued at about $582,000. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Stock Up 2.6 %

Shares of Urban Outfitters stock opened at $48.73 on Monday. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 1.10 and a beta of 1.50. The company’s 50 day moving average is $37.88 and its 200 day moving average is $40.20. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $49.48.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.28. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Sell-side analysts expect that Urban Outfitters, Inc. will post 3.79 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this hyperlink. 31.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on URBN. BMO Capital Markets reduced their price target on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. Bank of America boosted their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Robert W. Baird boosted their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Jefferies Financial Group reduced their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $46.27.

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.