Diversified Trust Co Raises Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Diversified Trust Co lifted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 10.6% in the fourth quarter, Holdings Channel reports. The firm owned 18,765 shares of the apparel retailer’s stock after purchasing an additional 1,801 shares during the period. Diversified Trust Co’s holdings in Urban Outfitters were worth $1,030,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted its position in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares in the last quarter. GAMMA Investing LLC lifted its position in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 202 shares in the last quarter. Quarry LP lifted its position in Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Urban Outfitters during the 2nd quarter worth approximately $42,000. Finally, Meeder Asset Management Inc. acquired a new position in Urban Outfitters during the 2nd quarter worth approximately $48,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on URBN shares. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Thursday, January 2nd. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Telsey Advisory Group boosted their price target on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their target price on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Barclays upped their target price on Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.18.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN opened at $57.10 on Thursday. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $59.05. The company’s fifty day moving average is $47.44 and its two-hundred day moving average is $42.46. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55.

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

Urban Outfitters Profile

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.