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

Geode Capital Management LLC lifted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,481,469 shares of the apparel retailer's stock after acquiring 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in URBN. State Street Corp raised its position in shares of 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 acquiring an additional 31,100 shares in the last quarter. Marshall Wace LLP grew its stake in Urban Outfitters by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer's stock worth $93,956,000 after buying an additional 1,230,771 shares during the last quarter. Fisher Asset Management LLC lifted its position in Urban Outfitters by 3.1% in the 3rd quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer's stock valued at $79,433,000 after purchasing an additional 62,019 shares during the last quarter. American Century Companies Inc. boosted its stake in Urban Outfitters by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer's stock valued at $63,836,000 after purchasing an additional 264,708 shares during the period. Finally, Systematic Financial Management LP grew its position in Urban Outfitters by 5.5% in the 3rd quarter. Systematic Financial Management LP now owns 721,732 shares of the apparel retailer's stock worth $27,650,000 after purchasing an additional 37,599 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on URBN shares. Bank of America boosted their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Morgan Stanley increased their price target on Urban Outfitters from $38.00 to $41.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their price objective on shares of Urban Outfitters from $40.00 to $48.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Robert W. Baird increased their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. Finally, StockNews.com upgraded shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday, December 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Urban Outfitters has a consensus rating of "Hold" and a consensus target price of $46.27.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded down $0.44 during trading on Monday, hitting $54.65. The company had a trading volume of 1,408,782 shares, compared to its average volume of 1,737,009. The company has a market cap of $5.04 billion, a P/E ratio of 15.66, a PEG ratio of 1.10 and a beta of 1.60. The business's 50-day moving average is $42.39 and its 200 day moving average is $41.32. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $55.99.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.85 by $0.25. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Urban Outfitters's revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 earnings per share. On average, research analysts expect 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.