Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Urban Outfitters Inc. (NASDAQ:URBN) during the second quarter, Holdings Channel reports. The firm purchased 356,900 shares of the apparel retailer’s stock, valued at approximately $9,815,000.
Several other large investors have also recently made changes to their positions in URBN. Norges Bank purchased a new stake in shares of Urban Outfitters during the fourth quarter valued at about $31,619,000. Old Mutual Global Investors UK Ltd. boosted its stake in 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 in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Urban Outfitters by 202.8% in the first quarter. TIAA CREF Investment Management LLC now owns 775,418 shares of the apparel retailer’s stock worth $25,659,000 after buying an additional 519,303 shares in the last quarter. First Quadrant L P CA boosted its stake in Urban Outfitters by 253.7% in the second quarter. First Quadrant L P CA now owns 473,601 shares of the apparel retailer’s stock worth $13,024,000 after buying an additional 339,701 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in Urban Outfitters by 13.6% in the first quarter. Riverhead Capital Management LLC now owns 420,549 shares of the apparel retailer’s stock worth $13,916,000 after buying an additional 50,448 shares in the last quarter. Institutional investors and hedge funds own 72.05% of the company’s stock.
Shares of Urban Outfitters Inc. (NASDAQ:URBN) traded down 0.53% during mid-day trading on Thursday, reaching $35.86. The company’s stock had a trading volume of 1,763,028 shares. Urban Outfitters Inc. has a 12 month low of $19.26 and a 12 month high of $37.82. The company has a market cap of $4.20 billion, a P/E ratio of 18.47 and a beta of 0.91. The company has a 50-day moving average of $35.97 and a 200-day moving average of $30.96.
Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.10. Urban Outfitters had a net margin of 6.63% and a return on equity of 19.57%. The business earned $890.57 million during the quarter, compared to the consensus estimate of $886.39 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that Urban Outfitters Inc. will post $2.06 earnings per share for the current fiscal year.
A number of equities analysts have commented on the company. BMO Capital Markets reissued an “average” rating and issued a $28.00 price objective on shares of Urban Outfitters in a research note on Thursday, July 7th. Citigroup Inc. reiterated a “buy” rating and issued a $35.00 price objective on shares of Urban Outfitters in a report on Monday, June 13th. Bank of America Corp. reiterated a “buy” rating on shares of Urban Outfitters in a report on Friday, June 10th. Morgan Stanley restated a “buy” rating on shares of Urban Outfitters in a report on Friday, June 10th. Finally, Robert W. Baird restated a “buy” rating on shares of Urban Outfitters in a report on Friday, June 10th. Twenty-two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $35.63.
In other Urban Outfitters news, CFO Frank Conforti sold 4,000 shares of Urban Outfitters 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 completion of the sale, the chief financial officer now owns 4,000 shares of the company’s stock, valued at approximately $149,680. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 24.30% of the stock is currently owned by company 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.