Everence Capital Management Inc. Has $393,000 Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Everence Capital Management Inc. lowered its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 33.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,160 shares of the apparel retailer’s stock after selling 3,590 shares during the period. Everence Capital Management Inc.’s holdings in Urban Outfitters were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in 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 in the last quarter. Quarry LP lifted its holdings in shares of Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters in the 2nd quarter worth $42,000. GAMMA Investing LLC increased its stake in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in Urban Outfitters during the third quarter worth $47,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Up 1.2 %

Urban Outfitters stock opened at $57.54 on Monday. The company has a market capitalization of $5.31 billion, a P/E ratio of 16.49, a P/E/G ratio of 1.10 and a beta of 1.60. The firm has a 50 day moving average price of $46.19 and a 200-day moving average price of $42.18. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $57.76.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business posted $0.88 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts expect that Urban Outfitters, Inc. will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on URBN. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley boosted their price objective on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Barclays raised their target price on Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Wells Fargo & Company upped their price target on Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, Bank of America raised their price objective on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.27.

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.