Great West Life Assurance Co. Can lifted its holdings in shares of Urban Outfitters (NASDAQ:URBN) by 35.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,113 shares of the apparel retailer’s stock after buying an additional 16,250 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.06% of Urban Outfitters worth $2,295,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. First Mercantile Trust Co. acquired a new position in shares of Urban Outfitters during the 1st quarter worth approximately $143,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Urban Outfitters by 42.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after buying an additional 1,522 shares during the period. BRYN MAWR TRUST Co acquired a new position in shares of Urban Outfitters during the 4th quarter worth approximately $207,000. Xact Kapitalforvaltning AB acquired a new position in shares of Urban Outfitters during the 4th quarter worth approximately $272,000. Finally, AMP Capital Investors Ltd acquired a new position in shares of Urban Outfitters during the 4th quarter worth approximately $277,000. 71.07% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on URBN shares. BMO Capital Markets reaffirmed a “neutral” rating and set a $37.00 target price on shares of Urban Outfitters in a research note on Wednesday, March 7th. KeyCorp reiterated a “positive” rating and set a $45.00 price target (up from $36.00) on shares of Urban Outfitters in a research report on Wednesday, March 7th. Royal Bank of Canada set a $40.00 price target on Urban Outfitters and gave the stock a “hold” rating in a research report on Tuesday, March 6th. Robert W. Baird reiterated a “buy” rating and set a $42.00 price target (up from $39.00) on shares of Urban Outfitters in a research report on Wednesday, March 7th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $39.00 price target (up from $38.00) on shares of Urban Outfitters in a research report on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $40.83.
Shares of NASDAQ:URBN opened at $44.55 on Friday. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 1.52 and a beta of 0.52. Urban Outfitters has a 52-week low of $16.68 and a 52-week high of $48.24.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, May 22nd. The apparel retailer reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.08. The business had revenue of $855.70 million during the quarter, compared to analysts’ expectations of $837.79 million. Urban Outfitters had a return on equity of 16.13% and a net margin of 3.71%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. equities research analysts anticipate that Urban Outfitters will post 2.49 earnings per share for the current year.
In other news, Director Joel S. Lawson III sold 10,000 shares of the stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the transaction, the director now directly owns 17,000 shares in the company, valued at approximately $782,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David W. Mccreight sold 147,319 shares of the stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $38.54, for a total value of $5,677,674.26. Following the transaction, the insider now owns 108,900 shares of the company’s stock, valued at $4,197,006. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 298,430 shares of company stock valued at $11,898,893. Company insiders own 25.90% of the company’s stock.
Urban Outfitters Profile
Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.
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