Urban Outfitters, Inc. $URBN Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lowered its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBNFree Report) by 5.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,407 shares of the apparel retailer’s stock after selling 15,035 shares during the period. Braun Stacey Associates Inc. owned about 0.29% of Urban Outfitters worth $17,744,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Urban Outfitters in the 2nd quarter worth about $7,956,000. Empowered Funds LLC purchased a new stake in Urban Outfitters during the 2nd quarter worth approximately $11,013,000. Caitlin John LLC acquired a new position in shares of Urban Outfitters during the second quarter valued at approximately $435,000. Equitable Holdings Inc. purchased a new position in shares of Urban Outfitters in the second quarter valued at approximately $371,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Urban Outfitters in the second quarter valued at approximately $91,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $81.09 on Friday. Urban Outfitters, Inc. has a one year low of $59.53 and a one year high of $85.43. The stock has a market cap of $6.94 billion, a PE ratio of 12.65, a P/E/G ratio of 1.45 and a beta of 1.23. The stock has a 50 day moving average price of $74.04 and a 200 day moving average price of $70.84.

Urban Outfitters (NASDAQ:URBNGet Free Report) last released its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.72. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 earnings per share. As a group, analysts predict that Urban Outfitters, Inc. will post 6.18 earnings per share for the current fiscal year.

Trending Headlines about Urban Outfitters

Here are the key news stories impacting Urban Outfitters this week:

Wall Street Analysts Forecast Growth

Several brokerages recently commented on URBN. Citigroup reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Friday. Weiss Ratings upgraded Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Wells Fargo & Company upped their target price on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, UBS Group increased their target price on shares of Urban Outfitters from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and an average target price of $90.64.

View Our Latest Research Report on URBN

About Urban Outfitters

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.