Russell Investments Group Ltd. Has $1.75 Million Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Russell Investments Group Ltd. trimmed its stake in Urban Outfitters, Inc. (NASDAQ:URBNGet Rating) by 52.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,762 shares of the apparel retailer’s stock after selling 78,008 shares during the period. Russell Investments Group Ltd. owned about 0.07% of Urban Outfitters worth $1,750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Urban Outfitters during the 4th quarter valued at about $381,000. State of New Jersey Common Pension Fund D boosted its position in shares of Urban Outfitters by 7.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 77,651 shares of the apparel retailer’s stock valued at $2,280,000 after acquiring an additional 5,558 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Urban Outfitters by 29.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,889 shares of the apparel retailer’s stock valued at $261,000 after acquiring an additional 2,009 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Urban Outfitters by 1.4% during the 4th quarter. Mutual of America Capital Management LLC now owns 58,965 shares of the apparel retailer’s stock valued at $1,731,000 after acquiring an additional 834 shares in the last quarter. Finally, Thompson Investment Management Inc. boosted its position in shares of Urban Outfitters by 4.2% during the 4th quarter. Thompson Investment Management Inc. now owns 92,080 shares of the apparel retailer’s stock valued at $2,703,000 after acquiring an additional 3,724 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on URBN. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Urban Outfitters from $35.00 to $24.00 in a research report on Wednesday, May 25th. Morgan Stanley downgraded shares of Urban Outfitters from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $34.00 to $25.00 in a research note on Friday, May 27th. Robert W. Baird dropped their target price on shares of Urban Outfitters from $32.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, May 25th. Citigroup cut their price objective on shares of Urban Outfitters from $42.00 to $30.00 in a report on Monday, May 23rd. Finally, BMO Capital Markets dropped their target price on shares of Urban Outfitters from $27.00 to $21.00 in a research report on Wednesday, May 25th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.00.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $24.38 on Wednesday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 0.55 and a beta of 1.41. The stock’s 50-day moving average is $20.52 and its 200-day moving average is $23.49. Urban Outfitters, Inc. has a one year low of $17.81 and a one year high of $41.03.

Urban Outfitters (NASDAQ:URBNGet Rating) last released its earnings results on Tuesday, May 24th. The apparel retailer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.07 billion. Urban Outfitters had a net margin of 6.18% and a return on equity of 16.83%. Urban Outfitters’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. On average, equities analysts expect that Urban Outfitters, Inc. will post 2.25 EPS for the current year.

Urban Outfitters Profile

(Get Rating)

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

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