Susquehanna Fundamental Investments LLC Buys Shares of 12,637 Urban Outfitters, Inc. $URBN

Key Points

• Susquehanna Fundamental Investments purchased 12,637 Urban Outfitters shares worth approximately $895,000 in the second quarter. Other institutions also initiated positions, with hedge funds and institutional investors collectively owning 77.61% of the stock.
• Urban Outfitters reported quarterly EPS of $1.72, matching estimates, while revenue rose 10.4% year over year to $1.66 billion. Analysts expect full-year EPS of approximately $6.15.
• The stock opened at $79.29, below the analyst consensus price target of $90.64. Coverage remains favorable, with a “Moderate Buy” consensus based on eight Buy and six Hold ratings.

Susquehanna Fundamental Investments LLC purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,637 shares of the apparel retailer's stock, valued at approximately $895,000.

A number of other hedge funds have also recently made changes to their positions in URBN. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Urban Outfitters in the second quarter valued at about $7,956,000. Empowered Funds LLC purchased a new stake in shares of Urban Outfitters during the second quarter valued at about $11,013,000. Caitlin John LLC bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $435,000. Equitable Holdings Inc. bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $371,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Urban Outfitters in the 2nd quarter worth approximately $91,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Stock Performance

URBN stock opened at $79.29 on Wednesday. Urban Outfitters, Inc. has a one year low of $59.53 and a one year high of $85.43. The firm has a market cap of $6.79 billion, a PE ratio of 12.37, a P/E/G ratio of 1.27 and a beta of 1.26. The firm's fifty day moving average is $74.37 and its 200 day moving average is $70.98.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the business posted $1.58 earnings per share. Urban Outfitters's revenue for the quarter was up 10.4% on a year-over-year basis. Research analysts predict that Urban Outfitters, Inc. will post 6.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Zacks Research cut shares of Urban Outfitters from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. Bank of America upped their price target on Urban Outfitters from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Weiss Ratings upgraded Urban Outfitters from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 24th. Barclays boosted their target price on Urban Outfitters from $100.00 to $102.00 and gave the stock an "overweight" rating in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and raised their price target for the stock from $76.00 to $93.00 in a report on Monday, July 20th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.64.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city's historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source