Livforsakringsbolaget Skandia Omsesidigt Invests $9.02 Million in Urban Outfitters, Inc. $URBN

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has invested $9.02 million in Urban Outfitters, acquiring approximately 124,400 shares, which represents about 0.14% of the company.
• Urban Outfitters' stock has received a range of analyst ratings, with one Strong Buy, five Buy, six Hold, and one Sell rating; the average consensus target price is $81.91.
• In the latest quarterly earnings report, Urban Outfitters posted earnings per share of $1.58, exceeding analysts' expectations and marking an 11.3% revenue increase compared to the previous year.

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 124,400 shares of the apparel retailer's stock, valued at approximately $9,024,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.14% of Urban Outfitters as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of URBN. Whipplewood Advisors LLC boosted its stake in shares of Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after acquiring an additional 463 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Urban Outfitters by 17,175.0% during the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 687 shares during the last quarter. Virtus Advisers LLC acquired a new position in shares of Urban Outfitters during the 1st quarter worth about $46,000. Exchange Traded Concepts LLC acquired a new position in shares of Urban Outfitters during the 1st quarter worth about $52,000. Finally, GAMMA Investing LLC raised its position in shares of Urban Outfitters by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after purchasing an additional 263 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on URBN shares. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $88.00 to $89.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. UBS Group increased their price objective on shares of Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, September 2nd. Citigroup reiterated a "neutral" rating and issued a $76.00 price objective (up previously from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Glj Research reiterated a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Finally, Bank of America increased their price objective on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Urban Outfitters has an average rating of "Hold" and a consensus target price of $81.91.

Insiders Place Their Bets

In related news, Director Mary Egan sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of the transaction, the director directly owned 14,250 shares in the company, valued at approximately $999,210. This represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 31.80% of the company's stock.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $71.97 on Tuesday. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.09 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 stock has a 50 day moving average of $73.92 and a 200 day moving average of $64.12.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.14. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 earnings per share. Analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.