Urban Outfitters, Inc. (NASDAQ:URBN) Shares Bought by Treasurer of the State of North Carolina

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Treasurer of the State of North Carolina raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 22.0% during the second quarter, Holdings Channel.com reports. The firm owned 35,873 shares of the apparel retailer’s stock after purchasing an additional 6,460 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Urban Outfitters were worth $816,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of URBN. First Quadrant L P CA raised its position in shares of Urban Outfitters by 807.6% during the 2nd quarter. First Quadrant L P CA now owns 24,914 shares of the apparel retailer’s stock worth $567,000 after acquiring an additional 22,169 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth about $1,454,000. Point72 Asset Management L.P. raised its position in shares of Urban Outfitters by 5.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 34,491 shares of the apparel retailer’s stock worth $785,000 after acquiring an additional 1,890 shares in the last quarter. 1492 Capital Management LLC acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth about $446,000. Finally, Bank of America Corp DE raised its position in shares of Urban Outfitters by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 422,126 shares of the apparel retailer’s stock worth $9,604,000 after acquiring an additional 7,562 shares in the last quarter. 74.27% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on URBN shares. Wedbush reissued a “neutral” rating and set a $20.00 target price (down previously from $26.00) on shares of Urban Outfitters in a research report on Wednesday, August 21st. Loop Capital set a $35.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research report on Friday, September 13th. BidaskClub raised Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Thursday, October 3rd. B. Riley set a $23.00 price target on Urban Outfitters and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Finally, Deutsche Bank cut their price target on Urban Outfitters from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Friday, August 16th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $29.71.

Shares of URBN stock opened at $27.78 on Friday. The business’s 50 day moving average is $25.05 and its two-hundred day moving average is $25.44. Urban Outfitters, Inc. has a twelve month low of $19.63 and a twelve month high of $41.77. The company has a market capitalization of $2.63 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 1.15 and a beta of 0.73. The company has a current ratio of 1.60, a quick ratio of 0.89 and a debt-to-equity ratio of 0.80.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. Urban Outfitters had a return on equity of 18.10% and a net margin of 6.54%. The company had revenue of $962.30 million for the quarter, compared to the consensus estimate of $981.40 million. During the same period last year, the business posted $0.84 EPS. The company’s revenue was down 3.0% on a year-over-year basis. As a group, equities analysts predict that Urban Outfitters, Inc. will post 2.28 earnings per share for the current fiscal year.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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