State Street Corp Acquires 31,100 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

State Street Corp raised its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,799,366 shares of the apparel retailer's stock after buying an additional 31,100 shares during the quarter. State Street Corp owned about 3.03% of Urban Outfitters worth $107,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. grew 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 purchasing an additional 354 shares in 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 valued at $38,000 after acquiring an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Urban Outfitters during the second quarter worth $42,000. Meeder Asset Management Inc. bought a new position in shares of Urban Outfitters during the second quarter valued at $48,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Urban Outfitters in the 3rd quarter worth about $47,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on URBN shares. Telsey Advisory Group lifted their price objective on Urban Outfitters from $44.00 to $46.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. Wells Fargo & Company increased their price target on shares of Urban Outfitters from $40.00 to $48.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. StockNews.com upgraded Urban Outfitters from a "hold" rating to a "buy" rating in a report on Saturday, December 7th. Jefferies Financial Group reduced their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an "underperform" rating for the company in a report on Thursday, August 22nd. Finally, Barclays increased their price objective on Urban Outfitters from $43.00 to $51.00 and gave the stock an "overweight" 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 given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $46.27.

Urban Outfitters Stock Up 4.3 %

Shares of NASDAQ URBN traded up $2.28 during trading on Monday, reaching $54.72. The company had a trading volume of 2,159,921 shares, compared to its average volume of 1,730,334. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $55.21. The stock has a market cap of $5.05 billion, a P/E ratio of 15.68, a PEG ratio of 1.10 and a beta of 1.60. The company's fifty day moving average price is $40.96 and its 200-day moving average price is $40.97.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted 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. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.88 earnings per share for the current year.

Urban Outfitters Company 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.