Intech Investment Management LLC Makes New Investment in Urban Outfitters, Inc. (NASDAQ:URBN)

Intech Investment Management LLC acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,460 shares of the apparel retailer’s stock, valued at approximately $707,000.

Several other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its position in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 354 shares during the last quarter. Quarry LP boosted 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 valued at $38,000 after acquiring an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Urban Outfitters in the 2nd quarter valued at $42,000. Meeder Asset Management Inc. purchased a new position in shares of Urban Outfitters during the second quarter worth $48,000. Finally, Asset Management One Co. Ltd. acquired a new position in Urban Outfitters during the third quarter valued at $47,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

URBN has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday. Telsey Advisory Group lifted their price target on Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday. Morgan Stanley increased their price target on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets decreased their target price on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. 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 company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $46.27.

Urban Outfitters Stock Up 2.6 %

Shares of URBN opened at $48.73 on Friday. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $49.48. The stock has a market cap of $4.50 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.08 and a beta of 1.50. The firm’s fifty day moving average is $37.64 and its two-hundred day moving average is $40.16.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.28. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm posted $0.88 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 3.79 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 31.80% of the company’s stock.

Urban Outfitters 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.