Emerald Advisers Inc. PA raised its position in Urban Outfitters Inc. (NASDAQ:URBN) by 286.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 661,805 shares of the apparel retailer’s stock after buying an additional 490,430 shares during the period. Emerald Advisers Inc. PA owned about 0.56% of Urban Outfitters worth $18,200,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in URBN. IBM Retirement Fund boosted its stake in shares of Urban Outfitters by 3.4% in the second quarter. IBM Retirement Fund now owns 9,019 shares of the apparel retailer’s stock worth $248,000 after buying an additional 299 shares in the last quarter. BlackRock Japan Co. Ltd boosted its stake in shares of Urban Outfitters by 0.7% in the first quarter. BlackRock Japan Co. Ltd now owns 41,319 shares of the apparel retailer’s stock worth $1,367,000 after buying an additional 306 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock worth $129,000 after buying an additional 651 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Urban Outfitters by 0.6% in the first quarter. Prudential Financial Inc. now owns 119,304 shares of the apparel retailer’s stock worth $3,948,000 after buying an additional 750 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Urban Outfitters by 1.1% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 74,034 shares of the apparel retailer’s stock worth $2,036,000 after buying an additional 780 shares in the last quarter. 72.05% of the stock is currently owned by hedge funds and other institutional investors.

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

Urban Outfitters Inc. (NASDAQ:URBN) traded up 1.12% on Tuesday, reaching $35.18. 1,454,156 shares of the company were exchanged. The firm has a market capitalization of $4.12 billion, a P/E ratio of 18.12 and a beta of 0.91. The firm has a 50-day moving average of $35.71 and a 200 day moving average of $30.91. Urban Outfitters Inc. has a 12-month low of $19.26 and a 12-month high of $37.82.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, August 16th. The apparel retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.56 by $0.10. Urban Outfitters had a net margin of 6.63% and a return on equity of 19.57%. The business had revenue of $890.57 million for the quarter, compared to analyst estimates of $886.39 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Urban Outfitters’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that Urban Outfitters Inc. will post $2.06 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the company. Deutsche Bank AG boosted their price objective on Urban Outfitters from $28.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, July 25th. BMO Capital Markets restated an “average” rating and set a $28.00 price objective on shares of Urban Outfitters in a report on Thursday, July 7th. Stifel Nicolaus boosted their price objective on Urban Outfitters from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Nomura boosted their price objective on Urban Outfitters from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, August 17th. Finally, Jefferies Group restated a “buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of Urban Outfitters in a report on Friday, September 2nd. Twenty-two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.63.

In other news, CFO Frank Conforti sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $37.42, for a total value of $149,680.00. Following the transaction, the chief financial officer now owns 4,000 shares in the company, valued at $149,680. The sale was disclosed in a legal filing with the SEC, which is available at this link. 24.30% of the stock is currently owned by insiders.

Urban Outfitters Company Profile

Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

5 Day Chart for NASDAQ:URBN

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