Livforsakringsbolaget Skandia Omsesidigt Makes New Investment 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) in the second quarter, according to the company in its most recent filing with the SEC. The firm 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.

A number of other hedge funds have also made changes to their positions in URBN. Whipplewood Advisors LLC increased its position 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 purchasing an additional 463 shares in the last quarter. Federated Hermes Inc. increased 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 in the last quarter. Virtus Advisers LLC acquired a new stake in shares of Urban Outfitters during the 1st quarter worth about $46,000. Exchange Traded Concepts LLC acquired a new stake in shares of Urban Outfitters during the 1st quarter worth about $52,000. Finally, GAMMA Investing LLC increased 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 in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Price Performance

URBN traded down $0.17 during trading on Friday, reaching $71.41. The company had a trading volume of 2,448,865 shares, compared to its average volume of 2,273,542. Urban Outfitters, Inc. has a 12 month low of $34.76 and a 12 month high of $80.71. The business's fifty day moving average price is $73.85 and its 200 day moving average price is $64.40. The company has a market cap of $6.41 billion, a P/E ratio of 13.95, a PEG ratio of 1.14 and a beta of 1.29.

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 analyst estimates of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The business's revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 earnings per share. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on URBN shares. Barclays restated an "overweight" rating and issued a $89.00 price objective on shares of Urban Outfitters in a research report on Friday, August 29th. Bank of America raised their price objective on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Baird R W upgraded shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. UBS Group raised their price objective on shares of Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, September 2nd. Finally, Robert W. Baird upgraded shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, June 11th. One equities 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $81.91.

Insider Activity at Urban Outfitters

In other news, Director Mary Egan sold 1,000 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total value of $70,120.00. Following the sale, the director 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 document filed with the SEC, which can be accessed through the SEC website. 31.60% of the stock is currently owned by corporate insiders.

About Urban Outfitters

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.