Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 42.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,094 shares of the apparel retailer’s stock after acquiring an additional 1,522 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Urban Outfitters were worth $179,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of Urban Outfitters in the 4th quarter worth approximately $175,000. Invictus RG acquired a new position in shares of Urban Outfitters in the 3rd quarter worth approximately $241,000. Contravisory Investment Management Inc. acquired a new position in shares of Urban Outfitters in the 4th quarter worth approximately $414,000. HAP Trading LLC acquired a new position in shares of Urban Outfitters in the 3rd quarter worth approximately $296,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Urban Outfitters in the 3rd quarter worth approximately $315,000. 78.02% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on URBN. BidaskClub raised Urban Outfitters from a “buy” rating to a “strong-buy” rating in a report on Friday. Royal Bank of Canada set a $37.00 target price on Urban Outfitters and gave the stock a “hold” rating in a report on Friday, February 9th. SunTrust Banks reissued a “buy” rating and issued a $40.00 target price on shares of Urban Outfitters in a report on Friday, February 2nd. Zacks Investment Research downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Finally, Nomura reissued a “neutral” rating and issued a $30.00 target price (up from $26.00) on shares of Urban Outfitters in a report on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.62.
Shares of Urban Outfitters, Inc. (URBN) opened at $37.05 on Friday. The company has a market cap of $4,010.00, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 1.54 and a beta of 0.62. Urban Outfitters, Inc. has a 1 year low of $16.19 and a 1 year high of $37.09.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.33 by $0.08. The company had revenue of $892.77 million during the quarter, compared to analysts’ expectations of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. equities analysts expect that Urban Outfitters, Inc. will post 1.57 earnings per share for the current year.
Urban Outfitters Profile
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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