Livforsakringsbolaget Skandia Omsesidigt Takes Position in Urban Outfitters, Inc. $URBN

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBNFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 112,300 shares of the apparel retailer’s stock, valued at approximately $7,956,000. Livforsakringsbolaget Skandia Omsesidigt owned 0.13% of Urban Outfitters at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of URBN. Maryland State Retirement & Pension System increased its position in shares of Urban Outfitters by 1.9% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer’s stock worth $593,000 after acquiring an additional 148 shares in the last quarter. GAMMA Investing LLC boosted its stake in Urban Outfitters by 10.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,049 shares of the apparel retailer’s stock valued at $145,000 after purchasing an additional 188 shares during the last quarter. Lido Advisors LLC increased its holdings in Urban Outfitters by 2.7% during the 4th quarter. Lido Advisors LLC now owns 7,367 shares of the apparel retailer’s stock worth $533,000 after purchasing an additional 193 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Urban Outfitters by 1.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,319 shares of the apparel retailer’s stock worth $927,000 after purchasing an additional 231 shares during the last quarter. Finally, Rezny Wealth Management Inc. raised its stake in shares of Urban Outfitters by 0.8% in the fourth quarter. Rezny Wealth Management Inc. now owns 28,900 shares of the apparel retailer’s stock worth $2,175,000 after purchasing an additional 241 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on URBN shares. Jefferies Financial Group raised their price objective on Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. lifted their target price on shares of Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Citigroup reaffirmed a “neutral” rating on shares of Urban Outfitters in a report on Friday. Finally, Bank of America lifted their price target on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

View Our Latest Research Report on Urban Outfitters

Urban Outfitters Price Performance

Shares of URBN stock opened at $81.09 on Friday. Urban Outfitters, Inc. has a 1 year low of $59.53 and a 1 year high of $85.43. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.45 and a beta of 1.23. The company’s fifty day simple moving average is $74.04 and its two-hundred day simple moving average is $70.84.

Urban Outfitters (NASDAQ:URBNGet Free Report) last issued its earnings results on Wednesday, August 26th. The apparel retailer reported $1.72 EPS for the quarter, hitting the consensus estimate of $1.72. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 EPS. Equities research analysts anticipate that Urban Outfitters, Inc. will post 6.18 EPS for the current year.

About Urban Outfitters

(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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