Epoch Investment Partners Inc. increased its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 131,803 shares of the apparel retailer’s stock after buying an additional 1,027 shares during the period. Epoch Investment Partners Inc.’s holdings in Urban Outfitters were worth $3,132,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Urban Outfitters by 9,872.9% in the first quarter. BlackRock Inc. now owns 13,405,864 shares of the apparel retailer’s stock valued at $318,523,000 after buying an additional 13,271,441 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Urban Outfitters during the fourth quarter valued at $69,571,000. Renaissance Technologies LLC bought a new position in shares of Urban Outfitters during the first quarter valued at $48,801,000. Turtle Creek Asset Management Inc. bought a new position in shares of Urban Outfitters during the first quarter valued at $47,366,000. Finally, Shapiro Capital Management LLC bought a new position in shares of Urban Outfitters during the first quarter valued at $30,553,000. Institutional investors own 83.14% of the company’s stock.
Shares of Urban Outfitters, Inc. (URBN) traded down 0.50% during midday trading on Friday, hitting $18.09. The stock had a trading volume of 4,373,076 shares. The firm has a 50-day moving average price of $20.27 and a 200-day moving average price of $25.05. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 10.56 and a beta of 0.63. Urban Outfitters, Inc. has a 1-year low of $16.19 and a 1-year high of $40.80.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $761.20 million during the quarter, compared to analyst estimates of $768.95 million. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.88%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. On average, equities analysts anticipate that Urban Outfitters, Inc. will post $1.44 EPS for the current fiscal year.
A number of analysts recently weighed in on the company. Jefferies Group LLC set a $35.00 price target on Urban Outfitters and gave the company a “buy” rating in a research note on Monday, April 10th. Wolfe Research downgraded Urban Outfitters from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, May 9th. KeyCorp upgraded Urban Outfitters from a “sector weight” rating to an “overweight” rating and set a $28.00 price target on the stock in a research note on Tuesday, March 21st. Credit Suisse Group restated a “hold” rating and issued a $28.00 price target on shares of Urban Outfitters in a research note on Sunday, March 12th. Finally, Wedbush restated a “neutral” rating and issued a $26.00 price target on shares of Urban Outfitters in a research note on Tuesday, March 21st. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company’s stock. Urban Outfitters currently has a consensus rating of “Hold” and a consensus target price of $26.22.
Urban Outfitters Company Profile
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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