Boenning & Scattergood Inc. increased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,102 shares of the apparel retailer’s stock after purchasing an additional 549 shares during the period. Boenning & Scattergood Inc.’s holdings in Urban Outfitters were worth $1,669,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of URBN. Massachusetts Financial Services Co. MA grew its stake in shares of Urban Outfitters by 73.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,670,448 shares of the apparel retailer’s stock worth $75,013,000 after purchasing an additional 1,127,172 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Urban Outfitters during the second quarter worth $16,450,000. Point72 Asset Management L.P. grew its stake in shares of Urban Outfitters by 1,517.1% during the third quarter. Point72 Asset Management L.P. now owns 557,760 shares of the apparel retailer’s stock worth $15,667,000 after purchasing an additional 523,269 shares in the last quarter. Morgan Stanley grew its stake in shares of Urban Outfitters by 121.7% during the second quarter. Morgan Stanley now owns 921,845 shares of the apparel retailer’s stock worth $20,971,000 after purchasing an additional 505,998 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Urban Outfitters by 35.1% during the second quarter. Parametric Portfolio Associates LLC now owns 1,096,381 shares of the apparel retailer’s stock worth $24,943,000 after purchasing an additional 284,988 shares in the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

A number of equities analysts recently commented on the stock. Royal Bank of Canada lowered their target price on shares of Urban Outfitters from $28.00 to $25.00 and set a “market perform” rating for the company in a research note on Wednesday, November 20th. Morgan Stanley restated a “buy” rating and issued a $32.00 price objective (down previously from $34.00) on shares of Urban Outfitters in a research note on Thursday, November 21st. TheStreet downgraded shares of Urban Outfitters from a “b-” rating to a “c+” rating in a research note on Friday, December 13th. Barclays restated a “neutral” rating on shares of Urban Outfitters in a research note on Thursday, November 21st. Finally, Wells Fargo & Co upgraded shares of Urban Outfitters from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $25.00 to $30.00 in a research note on Monday, September 30th. Fifteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $28.56.

NASDAQ URBN traded down $0.34 during trading hours on Wednesday, hitting $26.12. The company had a trading volume of 422,304 shares, compared to its average volume of 2,497,544. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.82 and a current ratio of 1.57. Urban Outfitters, Inc. has a 1-year low of $19.63 and a 1-year high of $34.24. The company has a market cap of $2.59 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 1.20 and a beta of 0.74. The business has a 50 day moving average of $26.96 and a 200-day moving average of $25.61.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, November 19th. The apparel retailer reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.01). Urban Outfitters had a return on equity of 16.67% and a net margin of 5.96%. The business had revenue of $987.47 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the company posted $0.70 EPS. Urban Outfitters’s quarterly revenue was up 1.4% on a year-over-year basis. Sell-side analysts expect that Urban Outfitters, Inc. will post 2.14 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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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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