Cerebellum GP LLC raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 69.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,814 shares of the apparel retailer’s stock after buying an additional 3,202 shares during the quarter. Cerebellum GP LLC’s holdings in Urban Outfitters were worth $259,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Urban Outfitters by 5.0% in the third quarter. Vanguard Group Inc. now owns 8,466,147 shares of the apparel retailer’s stock valued at $346,266,000 after buying an additional 406,691 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Urban Outfitters by 5.0% during the third quarter. Vanguard Group Inc now owns 8,466,147 shares of the apparel retailer’s stock worth $346,266,000 after purchasing an additional 406,691 shares in the last quarter. FMR LLC lifted its position in shares of Urban Outfitters by 79.7% during the second quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock worth $350,737,000 after purchasing an additional 3,492,613 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Urban Outfitters by 547.6% during the third quarter. AQR Capital Management LLC now owns 4,487,410 shares of the apparel retailer’s stock worth $183,535,000 after purchasing an additional 3,794,451 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Urban Outfitters by 3.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,355,163 shares of the apparel retailer’s stock worth $137,226,000 after purchasing an additional 122,134 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.
NASDAQ:URBN opened at $32.62 on Friday. Urban Outfitters, Inc. has a 1-year low of $31.20 and a 1-year high of $52.50. The firm has a market capitalization of $3.63 billion, a P/E ratio of 19.53, a PEG ratio of 1.10 and a beta of 0.68.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Monday, November 19th. The apparel retailer reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Urban Outfitters had a net margin of 5.44% and a return on equity of 20.65%. The firm had revenue of $973.50 million for the quarter, compared to analyst estimates of $967.82 million. During the same period last year, the firm posted $0.41 EPS. Urban Outfitters’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 2.73 earnings per share for the current year.
Several analysts have recently issued reports on URBN shares. BidaskClub cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Wedbush reiterated a “hold” rating and issued a $35.00 price target (down from $50.00) on shares of Urban Outfitters in a research note on Thursday, October 11th. Bank of America set a $50.00 price target on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Tuesday, November 20th. ValuEngine lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, September 14th. Finally, B. Riley upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $43.99.
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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