Intech Investment Management LLC Acquires New Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Intech Investment Management LLC bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,460 shares of the apparel retailer’s stock, valued at approximately $707,000.

Several other institutional investors and hedge funds also recently bought and sold shares of URBN. Blue Trust Inc. increased its holdings in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after buying an additional 354 shares during the last quarter. Quarry LP grew its position in Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Urban Outfitters during the second quarter worth $42,000. Meeder Asset Management Inc. acquired a new position in shares of Urban Outfitters in the 2nd quarter valued at $48,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Urban Outfitters in the 3rd quarter valued at $47,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on URBN shares. Jefferies Financial Group reduced their price objective on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Barclays boosted their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company increased their price objective on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Morgan Stanley boosted their target price on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, BMO Capital Markets lowered their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Hold” and a consensus target price of $46.27.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.80% of the stock is currently owned by corporate insiders.

Urban Outfitters Price Performance

URBN opened at $48.73 on Friday. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $49.48. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.08 and a beta of 1.50. The business has a fifty day moving average price of $37.64 and a 200 day moving average price of $40.16.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.28. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, research analysts anticipate that Urban Outfitters, Inc. will post 3.79 earnings per share for the current year.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. 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 apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.