Lisanti Capital Growth LLC Makes New $1.92 Million Investment in Urban Outfitters, Inc. $URBN

Lisanti Capital Growth LLC bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBNFree Report) during the fourth quarter, Holdings Channel.com reports. The firm bought 25,550 shares of the apparel retailer’s stock, valued at approximately $1,923,000.

Several other hedge funds have also modified their holdings of the stock. Root Financial Partners LLC bought a new position in Urban Outfitters in the 3rd quarter valued at $25,000. Salomon & Ludwin LLC raised its position in shares of Urban Outfitters by 58.4% during the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 149 shares during the last quarter. Richardson Financial Services Inc. raised its position in shares of Urban Outfitters by 90.3% during the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 205 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Urban Outfitters by 83.3% during the fourth quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 200 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Urban Outfitters by 125.1% during the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 274 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Price Performance

Shares of URBN stock opened at $73.01 on Friday. The stock has a market cap of $6.25 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The stock has a 50-day moving average of $67.83 and a 200-day moving average of $70.04. Urban Outfitters, Inc. has a one year low of $59.53 and a one year high of $84.35.

Urban Outfitters (NASDAQ:URBNGet Free Report) last released its quarterly earnings data on Wednesday, May 20th. The apparel retailer reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.18. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. Urban Outfitters’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 5.97 earnings per share for the current year.

Urban Outfitters News Summary

Here are the key news stories impacting Urban Outfitters this week:

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Telsey Advisory Group reissued an “outperform” rating and set a $98.00 price target on shares of Urban Outfitters in a research note on Thursday, February 26th. Wells Fargo & Company cut their price objective on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $72.00 target price on shares of Urban Outfitters in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.18.

Read Our Latest Report on URBN

Urban Outfitters Profile

(Free Report)

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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