Susquehanna Fundamental Investments LLC Acquires New Stake in Urban Outfitters, Inc. $URBN

Susquehanna Fundamental Investments LLC bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 12,637 shares of the apparel retailer’s stock, valued at approximately $895,000.

Several other large investors also recently bought and sold shares of URBN. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Urban Outfitters in the 2nd quarter worth approximately $7,956,000. Empowered Funds LLC acquired a new stake in shares of Urban Outfitters in the second quarter valued at approximately $11,013,000. Caitlin John LLC purchased a new position in Urban Outfitters during the second quarter worth approximately $435,000. Equitable Holdings Inc. acquired a new stake in shares of Urban Outfitters in the 2nd quarter worth $371,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Urban Outfitters during the 2nd quarter worth $91,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Down 1.7%

Shares of NASDAQ URBN opened at $79.29 on Wednesday. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.27 and a beta of 1.26. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $85.43. The business’s 50 day moving average is $74.37 and its two-hundred day moving average is $70.98.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.72. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 earnings per share. Analysts anticipate that Urban Outfitters, Inc. will post 6.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on URBN. Weiss Ratings raised shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 24th. Morgan Stanley reiterated an “overweight” rating and issued a $90.00 target price on shares of Urban Outfitters in a report on Thursday, August 27th. JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Wells Fargo & Company lifted their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Finally, The Goldman Sachs Group upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price objective for the company from $76.00 to $93.00 in a report on Monday, July 20th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.64.

About Urban Outfitters

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.