XTX Topco Ltd boosted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 367.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,427 shares of the apparel retailer's stock after acquiring an additional 19,982 shares during the quarter. XTX Topco Ltd's holdings in Urban Outfitters were worth $974,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in 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 in the last quarter. Quarry LP boosted its holdings in Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer's stock valued at $38,000 after acquiring an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Urban Outfitters in the second quarter worth about $42,000. Asset Management One Co. Ltd. bought a new stake in Urban Outfitters during the 3rd quarter worth about $47,000. Finally, Meeder Asset Management Inc. acquired a new position in Urban Outfitters during the 2nd quarter valued at about $48,000. Institutional investors own 77.61% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. Citigroup raised Urban Outfitters from a "neutral" rating to a "buy" rating and increased their target price for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. StockNews.com raised Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Saturday. BMO Capital Markets lowered their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a "market perform" rating for the company in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group lifted their target price on Urban Outfitters from $44.00 to $46.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.27.
View Our Latest Analysis on Urban Outfitters
Urban Outfitters Stock Up 2.0 %
URBN traded up $1.02 during midday trading on Wednesday, hitting $51.57. The company had a trading volume of 1,540,781 shares, compared to its average volume of 1,729,788. The stock's 50 day moving average price is $39.68 and its 200 day moving average price is $40.66. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $52.68. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.06 and a beta of 1.60.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts predict that Urban Outfitters, Inc. will post 3.84 EPS for the current year.
Urban Outfitters Profile
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Free Report)
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.
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