Quantamental Technologies LLC Acquires 8,308 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Quantamental Technologies LLC grew its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 113.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,604 shares of the apparel retailer’s stock after buying an additional 8,308 shares during the quarter. Quantamental Technologies LLC’s holdings in Urban Outfitters were worth $463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Urban Outfitters by 5.0% during the third quarter. Vanguard Group Inc. now owns 8,466,147 shares of the apparel retailer’s stock valued at $346,266,000 after purchasing an additional 406,691 shares during the period. Vanguard Group Inc increased its position in shares of Urban Outfitters by 5.0% during the third quarter. Vanguard Group Inc now owns 8,466,147 shares of the apparel retailer’s stock worth $346,266,000 after acquiring an additional 406,691 shares in the last quarter. FMR LLC increased its position in shares of Urban Outfitters by 6.9% during the fourth quarter. FMR LLC now owns 5,682,118 shares of the apparel retailer’s stock worth $188,646,000 after acquiring an additional 368,920 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Urban Outfitters by 1.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,403,910 shares of the apparel retailer’s stock worth $113,009,000 after acquiring an additional 48,747 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Urban Outfitters by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,083,951 shares of the apparel retailer’s stock worth $102,389,000 after acquiring an additional 227,342 shares in the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

In other Urban Outfitters news, CEO Trish Donnelly sold 9,144 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $34.00, for a total value of $310,896.00. Following the sale, the chief executive officer now owns 10,295 shares of the company’s stock, valued at approximately $350,030. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Frank Conforti sold 22,937 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $29.30, for a total transaction of $672,054.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,200 shares of company stock worth $3,237,851. 24.80% of the stock is owned by insiders.

NASDAQ URBN traded down $2.66 on Wednesday, hitting $24.34. The stock had a trading volume of 9,474,768 shares, compared to its average volume of 2,862,047. The stock has a market capitalization of $2.77 billion, a PE ratio of 8.85, a P/E/G ratio of 0.93 and a beta of 0.53. Urban Outfitters, Inc. has a 52-week low of $24.06 and a 52-week high of $52.50.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Urban Outfitters had a net margin of 7.54% and a return on equity of 21.03%. The firm had revenue of $864.41 million for the quarter, compared to analysts’ expectations of $857.31 million. During the same quarter last year, the company posted $0.38 EPS. On average, analysts forecast that Urban Outfitters, Inc. will post 2.59 EPS for the current fiscal year.

Several research firms have recently commented on URBN. Wedbush boosted their target price on shares of Urban Outfitters from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. BidaskClub raised shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Zacks Investment Research raised shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $35.00 price objective (down from $36.00) on shares of Urban Outfitters in a research report on Friday, February 8th. Finally, ValuEngine downgraded shares of Urban Outfitters from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.79.

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Urban Outfitters Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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