Oppenheimer & Co. Inc. Takes $239,000 Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Oppenheimer & Co. Inc. purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,845 shares of the apparel retailer’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allianz Asset Management GmbH bought a new stake in Urban Outfitters in the 1st quarter valued at about $265,000. State of Alaska Department of Revenue lifted its position in Urban Outfitters by 40.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,970 shares of the apparel retailer’s stock valued at $399,000 after purchasing an additional 2,590 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Urban Outfitters in the 2nd quarter valued at about $364,000. Bank of Montreal Can lifted its position in Urban Outfitters by 86.4% in the 2nd quarter. Bank of Montreal Can now owns 16,562 shares of the apparel retailer’s stock valued at $738,000 after purchasing an additional 7,675 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Urban Outfitters in the 2nd quarter valued at about $531,000. Institutional investors own 81.24% of the company’s stock.

Shares of Urban Outfitters stock traded up $1.22 during trading on Monday, hitting $39.31. The stock had a trading volume of 2,804,900 shares, compared to its average volume of 2,384,837. The company has a market cap of $4.16 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 1.25 and a beta of 0.53. Urban Outfitters, Inc. has a 1 year low of $31.20 and a 1 year high of $52.50.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, November 19th. The apparel retailer reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. The business had revenue of $973.50 million during the quarter, compared to analysts’ expectations of $967.82 million. Urban Outfitters had a net margin of 5.44% and a return on equity of 20.65%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. As a group, research analysts predict that Urban Outfitters, Inc. will post 2.73 earnings per share for the current fiscal year.

Several analysts recently weighed in on the stock. MKM Partners lifted their price objective on shares of Urban Outfitters to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, August 22nd. B. Riley lifted their price objective on shares of Urban Outfitters from $42.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, August 22nd. Zacks Investment Research upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Thursday. Loop Capital raised their target price on shares of Urban Outfitters from $55.00 to $56.00 and gave the company a “sell” rating in a research note on Tuesday, August 21st. Finally, Robert W. Baird reissued a “hold” rating and set a $47.00 target price on shares of Urban Outfitters in a research note on Tuesday, November 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.27.

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Urban Outfitters Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

Featured Article: Outstanding Shares

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

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