Urban Outfitters, Inc. (NASDAQ:URBN) Shares Bought by Versor Investments LP

Versor Investments LP raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 13.4% in the third quarter, HoldingsChannel.com reports. The fund owned 8,502 shares of the apparel retailer’s stock after purchasing an additional 1,002 shares during the quarter. Versor Investments LP’s holdings in Urban Outfitters were worth $326,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the last quarter. Quarry LP raised its holdings in shares of Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Urban Outfitters in the second quarter worth $42,000. Meeder Asset Management Inc. acquired a new position in Urban Outfitters in the second quarter valued at $48,000. Finally, Asset Management One Co. Ltd. acquired a new position in Urban Outfitters in the third quarter valued at $47,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

URBN has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Morgan Stanley dropped their target price on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Bank of America dropped their target price on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Barclays dropped their target price on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group lowered Urban Outfitters from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $49.00 to $44.00 in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.30.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 31.80% of the company’s stock.

Urban Outfitters Trading Down 1.6 %

URBN stock opened at $38.22 on Friday. The stock has a 50-day moving average price of $36.83 and a two-hundred day moving average price of $40.14. Urban Outfitters, Inc. has a 12-month low of $31.37 and a 12-month high of $48.90. The company has a market cap of $3.53 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.94 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that Urban Outfitters, Inc. will post 3.65 EPS for the current fiscal 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.