Everence Capital Management Inc. Sells 3,590 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Everence Capital Management Inc. reduced its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 33.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,160 shares of the apparel retailer’s stock after selling 3,590 shares during the period. Everence Capital Management Inc.’s holdings in Urban Outfitters were worth $393,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in URBN. Blue Trust Inc. boosted its stake in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares during the period. Quarry LP lifted its holdings in shares of Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after buying an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters in the second quarter valued at approximately $42,000. GAMMA Investing LLC grew its stake in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in Urban Outfitters during the 3rd quarter worth approximately $47,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Stock Up 1.2 %

URBN stock opened at $57.54 on Monday. The stock has a market cap of $5.31 billion, a P/E ratio of 16.49, a PEG ratio of 1.10 and a beta of 1.60. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $57.76. The business’s 50-day moving average price is $46.19 and its 200-day moving average price is $42.18.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company posted $0.88 earnings per share. Urban Outfitters’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts expect that Urban Outfitters, Inc. will post 3.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on URBN. Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Bank of America upped their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their price target on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, Robert W. Baird boosted their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.27.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. 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 apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.