Kornitzer Capital Management Inc. KS acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,875 shares of the apparel retailer’s stock, valued at approximately $452,000.
A number of other institutional investors also recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in shares of Urban Outfitters by 71.4% during the 2nd quarter. Signaturefd LLC now owns 2,112 shares of the apparel retailer’s stock worth $48,000 after purchasing an additional 880 shares during the period. Advisor Group Inc. grew its holdings in shares of Urban Outfitters by 13.4% during the 2nd quarter. Advisor Group Inc. now owns 4,018 shares of the apparel retailer’s stock worth $91,000 after purchasing an additional 476 shares during the period. Aperio Group LLC lifted its position in Urban Outfitters by 131.9% during the 2nd quarter. Aperio Group LLC now owns 261,845 shares of the apparel retailer’s stock worth $5,957,000 after acquiring an additional 148,920 shares in the last quarter. AGF Investments LLC lifted its position in Urban Outfitters by 86.6% during the 2nd quarter. AGF Investments LLC now owns 13,860 shares of the apparel retailer’s stock worth $315,000 after acquiring an additional 6,432 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its position in Urban Outfitters by 45.5% during the 2nd quarter. Dupont Capital Management Corp now owns 9,917 shares of the apparel retailer’s stock worth $226,000 after acquiring an additional 3,100 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.
Several research firms recently commented on URBN. BidaskClub raised Urban Outfitters from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 31st. TheStreet lowered Urban Outfitters from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. Wedbush set a $26.00 price target on Urban Outfitters and gave the stock a “hold” rating in a research report on Friday, May 17th. Robert W. Baird reduced their price target on Urban Outfitters from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 22nd. Finally, ValuEngine lowered Urban Outfitters from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $35.71.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.05. Urban Outfitters had a return on equity of 20.07% and a net margin of 7.31%. The company had revenue of $864.41 million for the quarter, compared to analyst estimates of $857.31 million. During the same period in the prior year, the company posted $0.38 EPS. On average, equities analysts expect that Urban Outfitters, Inc. will post 2.39 earnings per share for the current fiscal year.
Urban Outfitters Profile
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.
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