Lucus Advisors LLC cut its position in shares of Urban Outfitters Inc. (NASDAQ:URBN) by 19.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,712 shares of the apparel retailer’s stock after selling 3,053 shares during the period. Lucus Advisors LLC’s holdings in Urban Outfitters were worth $350,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. GW&K Investment Management LLC raised its position in shares of Urban Outfitters by 18.1% in the second quarter. GW&K Investment Management LLC now owns 404,123 shares of the apparel retailer’s stock worth $11,113,000 after buying an additional 62,027 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Urban Outfitters during the second quarter worth about $532,000. Meeder Asset Management Inc. raised its position in shares of Urban Outfitters by 25.5% in the second quarter. Meeder Asset Management Inc. now owns 32,918 shares of the apparel retailer’s stock worth $906,000 after buying an additional 6,685 shares during the last quarter. Oakbrook Investments LLC raised its position in shares of Urban Outfitters by 17.8% in the second quarter. Oakbrook Investments LLC now owns 11,900 shares of the apparel retailer’s stock worth $327,000 after buying an additional 1,800 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its position in shares of Urban Outfitters by 9.5% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,160,517 shares of the apparel retailer’s stock worth $31,914,000 after buying an additional 100,365 shares during the last quarter. Institutional investors and hedge funds own 72.05% of the company’s stock.
Urban Outfitters Inc. (NASDAQ:URBN) traded up 0.26% during trading on Friday, reaching $34.52. 2,784,576 shares of the company’s stock were exchanged. The company has a market cap of $4.05 billion, a P/E ratio of 17.78 and a beta of 1.00. The stock’s 50-day moving average is $35.59 and its 200-day moving average is $30.91. Urban Outfitters Inc. has a 12-month low of $19.26 and a 12-month high of $37.82.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.10. Urban Outfitters had a net margin of 6.63% and a return on equity of 19.57%. The firm had revenue of $890.57 million for the quarter, compared to analysts’ expectations of $886.39 million. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts predict that Urban Outfitters Inc. will post $2.06 EPS for the current fiscal year.
A number of brokerages have issued reports on URBN. Deutsche Bank AG increased their target price on shares of Urban Outfitters from $28.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, July 25th. BMO Capital Markets restated an “average” rating and set a $28.00 target price on shares of Urban Outfitters in a research report on Thursday, July 7th. Stifel Nicolaus increased their target price on shares of Urban Outfitters from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Nomura increased their target price on shares of Urban Outfitters from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 17th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of Urban Outfitters in a report on Friday, September 2nd. Twenty-two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Urban Outfitters presently has a consensus rating of “Hold” and a consensus target price of $35.63.
In other news, CFO Frank Conforti sold 4,000 shares of the stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $37.42, for a total value of $149,680.00. Following the transaction, the chief financial officer now owns 4,000 shares in the company, valued at approximately $149,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 24.30% of the stock is currently owned by insiders.
Urban Outfitters Company Profile
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
Want to see what other hedge funds are holding URBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Outfitters Inc. (NASDAQ:URBN).
Receive News & Ratings for Urban Outfitters Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters Inc. and related companies with MarketBeat.com's FREE daily email newsletter.