75,500 Shares in Urban Outfitters, Inc. $URBN Bought by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Urban Outfitters by purchasing 75,500 shares valued at approximately $5.47 million, representing about 0.08% of the company's stock.
• Analysts have a generally positive outlook on Urban Outfitters, with price targets raised by various firms, including Bank of America and Robert W. Baird, while the average price target is set at $81.91.
• The company reported strong quarterly earnings, with an EPS of $1.58, exceeding analyst expectations, and a revenue increase of 11.3% compared to the previous year.

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 75,500 shares of the apparel retailer's stock, valued at approximately $5,473,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.08% of Urban Outfitters as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. American Century Companies Inc. increased its holdings in shares of Urban Outfitters by 11.2% in the 1st quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer's stock valued at $121,700,000 after purchasing an additional 233,371 shares in the last quarter. Junto Capital Management LP increased its holdings in shares of Urban Outfitters by 16.5% in the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer's stock valued at $90,571,000 after purchasing an additional 244,801 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Urban Outfitters by 27.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock valued at $73,212,000 after purchasing an additional 302,444 shares in the last quarter. Nuveen LLC purchased a new position in shares of Urban Outfitters in the 1st quarter valued at about $43,769,000. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Urban Outfitters in the 1st quarter valued at about $40,544,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on URBN. Barclays restated an "overweight" rating and set a $89.00 target price on shares of Urban Outfitters in a report on Friday, August 29th. Morgan Stanley raised their target price on shares of Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. raised their target price on shares of Urban Outfitters from $88.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Wells Fargo & Company raised their target price on shares of Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Finally, Wall Street Zen upgraded shares of Urban Outfitters from a "buy" rating to a "strong-buy" rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $81.91.

Insiders Place Their Bets

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director directly owned 14,250 shares of the company's stock, valued at $999,210. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 31.80% of the stock is currently owned by company insiders.

Urban Outfitters Price Performance

URBN stock traded up $0.04 during midday trading on Tuesday, reaching $72.16. 368,422 shares of the company's stock traded hands, compared to its average volume of 2,130,190. The company has a market capitalization of $6.47 billion, a P/E ratio of 14.09, a PEG ratio of 1.14 and a beta of 1.29. Urban Outfitters, Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $80.71. The business has a 50-day moving average price of $73.85 and a two-hundred day moving average price of $64.65.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.14. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. Urban Outfitters's revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. As a group, research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share 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.