GAMMA Investing LLC Purchases 202 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

GAMMA Investing LLC increased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 36.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 759 shares of the apparel retailer’s stock after purchasing an additional 202 shares during the quarter. GAMMA Investing LLC’s holdings in Urban Outfitters were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of URBN. Commonwealth Equity Services LLC lifted its position in Urban Outfitters by 5.2% during the second quarter. Commonwealth Equity Services LLC now owns 9,712 shares of the apparel retailer’s stock worth $399,000 after purchasing an additional 482 shares during the period. TD Asset Management Inc lifted its position in Urban Outfitters by 123.7% during the second quarter. TD Asset Management Inc now owns 17,000 shares of the apparel retailer’s stock worth $698,000 after purchasing an additional 9,400 shares during the period. Arizona State Retirement System lifted its holdings in shares of Urban Outfitters by 2.4% in the second quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock worth $697,000 after acquiring an additional 401 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Urban Outfitters by 22.8% in the second quarter. Texas Permanent School Fund Corp now owns 60,820 shares of the apparel retailer’s stock worth $2,497,000 after acquiring an additional 11,286 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Urban Outfitters by 20.5% in the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after acquiring an additional 264,708 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on URBN shares. UBS Group increased their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday. Telsey Advisory Group increased their target price on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their target price for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. Barclays increased their target price on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird increased their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and an average target price of $49.64.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $55.82 on Tuesday. The company has a market capitalization of $5.15 billion, a PE ratio of 15.99, a P/E/G ratio of 1.10 and a beta of 1.55. The company has a 50 day simple moving average of $48.68 and a two-hundred day simple moving average of $42.72. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $59.05.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS. Research analysts predict that Urban Outfitters, Inc. will post 3.88 EPS for the current 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.