Geode Capital Management LLC Has $56.77 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Geode Capital Management LLC grew its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,481,469 shares of the apparel retailer’s stock after buying an additional 18,249 shares during the period. Geode Capital Management LLC owned 1.61% of Urban Outfitters worth $56,765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp increased its position in Urban Outfitters by 1.1% during the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after purchasing an additional 31,100 shares during the period. Marshall Wace LLP boosted its stake in shares of Urban Outfitters by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after purchasing an additional 1,230,771 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Urban Outfitters by 3.1% during the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock worth $79,433,000 after buying an additional 62,019 shares during the period. American Century Companies Inc. increased its position in shares of Urban Outfitters by 20.5% during the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after buying an additional 264,708 shares during the period. Finally, Systematic Financial Management LP raised its stake in Urban Outfitters by 5.5% during the third quarter. Systematic Financial Management LP now owns 721,732 shares of the apparel retailer’s stock worth $27,650,000 after buying an additional 37,599 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on URBN. Bank of America increased their price target on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, December 7th. Robert W. Baird boosted their price target on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Barclays increased their price target on Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. One equities 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, Urban Outfitters currently has an average rating of “Hold” and an average price target of $46.27.

Urban Outfitters Price Performance

URBN opened at $55.09 on Monday. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $55.99. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.10 and a beta of 1.60. The firm’s fifty day moving average price is $42.39 and its two-hundred day moving average price is $41.32.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.25. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 3.88 EPS for the current year.

Urban Outfitters Profile

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.