PNC Financial Services Group Inc. raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 6.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,480 shares of the apparel retailer’s stock after buying an additional 964 shares during the period. PNC Financial Services Group Inc.’s holdings in Urban Outfitters were worth $368,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its position in Urban Outfitters by 7.8% in the first quarter. FMR LLC now owns 5,847,098 shares of the apparel retailer’s stock worth $138,927,000 after buying an additional 424,156 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Urban Outfitters by 45.2% in the first quarter. Bank of New York Mellon Corp now owns 3,916,563 shares of the apparel retailer’s stock valued at $93,056,000 after buying an additional 1,218,502 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Urban Outfitters by 17.6% in the first quarter. TIAA CREF Investment Management LLC now owns 2,084,087 shares of the apparel retailer’s stock valued at $49,518,000 after buying an additional 311,891 shares during the period. Turtle Creek Asset Management Inc. acquired a new stake in shares of Urban Outfitters during the first quarter valued at about $47,366,000. Finally, Norges Bank acquired a new stake in shares of Urban Outfitters during the fourth quarter valued at about $27,485,000. 82.82% of the stock is currently owned by institutional investors and hedge funds.
Urban Outfitters, Inc. (URBN) traded up 1.12% on Tuesday, reaching $18.92. The company had a trading volume of 4,684,448 shares. Urban Outfitters, Inc. has a 52-week low of $16.19 and a 52-week high of $40.80. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 11.04 and a beta of 0.66. The stock’s 50-day moving average price is $18.35 and its 200 day moving average price is $22.13.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, May 16th. The apparel retailer reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $761.20 million during the quarter, compared to analyst estimates of $768.95 million. Urban Outfitters had a return on equity of 15.88% and a net margin of 5.66%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. On average, equities analysts anticipate that Urban Outfitters, Inc. will post $1.40 earnings per share for the current fiscal year.
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A number of analysts have issued reports on URBN shares. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Urban Outfitters in a research note on Tuesday, May 16th. UBS AG reaffirmed a “neutral” rating and issued a $21.00 price objective (down previously from $25.00) on shares of Urban Outfitters in a research note on Wednesday, May 17th. ValuEngine downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Bank of America Corporation reissued a “buy” rating and set a $25.00 target price (down previously from $30.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. Finally, Zacks Investment Research downgraded Urban Outfitters from a “hold” rating to a “strong sell” rating in a research report on Friday, May 19th. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $25.53.
Urban Outfitters Company 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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