Kalmar Investments Inc. DE Has $17,658,000 Stake in Urban Outfitters Inc. (URBN)
Kalmar Investments Inc. DE decreased its position in Urban Outfitters Inc. (NASDAQ:URBN) by 26.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 642,110 shares of the apparel retailer’s stock after selling 234,655 shares during the period. Kalmar Investments Inc. DE owned 0.55% of Urban Outfitters worth $17,658,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in URBN. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Urban Outfitters during the first quarter worth approximately $425,000. TIAA CREF Investment Management LLC boosted its stake in Urban Outfitters by 202.8% in the first quarter. TIAA CREF Investment Management LLC now owns 775,418 shares of the apparel retailer’s stock valued at $25,659,000 after buying an additional 519,303 shares during the period. Teachers Advisors Inc. boosted its stake in Urban Outfitters by 1.1% in the first quarter. Teachers Advisors Inc. now owns 144,214 shares of the apparel retailer’s stock valued at $4,772,000 after buying an additional 1,560 shares during the period. Prudential Financial Inc. boosted its stake in Urban Outfitters by 0.6% in the first quarter. Prudential Financial Inc. now owns 119,304 shares of the apparel retailer’s stock valued at $3,948,000 after buying an additional 750 shares during the period. Finally, BlackRock Japan Co. Ltd boosted its stake in Urban Outfitters by 0.7% in the first quarter. BlackRock Japan Co. Ltd now owns 41,319 shares of the apparel retailer’s stock valued at $1,367,000 after buying an additional 306 shares during the period. Hedge funds and other institutional investors own 72.27% of the company’s stock.
Urban Outfitters Inc. (NASDAQ:URBN) traded up 0.99% during midday trading on Wednesday, hitting $33.59. The company had a trading volume of 1,706,877 shares. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 17.30 and a beta of 0.91. Urban Outfitters Inc. has a 12-month low of $19.26 and a 12-month high of $37.82. The company’s 50 day moving average is $35.63 and its 200 day moving average is $31.15.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results 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 analysts’ expectations of $886.39 million. During the same quarter last year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Urban Outfitters Inc. will post $2.06 EPS for the current fiscal year.
URBN has been the subject of several recent analyst reports. BMO Capital Markets reissued an “average” rating and set a $28.00 target price on shares of Urban Outfitters in a research note on Thursday, July 7th. Deutsche Bank AG raised their target price on Urban Outfitters from $28.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, July 25th. Zacks Investment Research cut Urban Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Goldman Sachs Group Inc. raised their target price on Urban Outfitters from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Finally, Credit Suisse Group AG reissued a “neutral” rating and set a $34.00 target price on shares of Urban Outfitters in a research note on Wednesday, August 17th. 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. The company has a consensus rating of “Hold” and an average target price of $35.78.
In other Urban Outfitters news, CFO Frank Conforti sold 4,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $149,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.30% of the stock is currently owned by company insiders.
About Urban Outfitters
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.
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