Urban Outfitters (URBN) : Fort Pitt Capital Group scooped up 3,187 additional shares in Urban Outfitters during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 312,071 shares of Urban Outfitters which is valued at $9,093,749.Urban Outfitters makes up approximately 1.08% of Fort Pitt Capital Group’s portfolio.
Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in URBN by selling 33,491 shares or 75.37% in the most recent quarter. The Hedge Fund company now holds 10,947 shares of URBN which is valued at $318,996. Ftb Advisors sold out all of its stake in URBN during the most recent quarter. The investment firm sold 30 shares of URBN which is valued $897.Checchi Capital Advisers boosted its stake in URBN in the latest quarter, The investment management firm added 1,048 additional shares and now holds a total of 1,650 shares of Urban Outfitters which is valued at $48,114. Urban Outfitters makes up approx 0.01% of Checchi Capital Advisers’s portfolio. Palo Capital added URBN to its portfolio by purchasing 14,800 company shares during the most recent quarter which is valued at $431,568. Urban Outfitters makes up approx 0.14% of Palo Capital’s portfolio.Nordea Investment Management Ab reduced its stake in URBN by selling 13,402 shares or 87.3% in the most recent quarter. The Hedge Fund company now holds 1,950 shares of URBN which is valued at $57,915.
Urban Outfitters opened for trading at $29.12 and hit $29.62 on the upside on Thursday, eventually ending the session at $29.16, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 14,88,186 shares. Company has a market cap of $3,416 M.
On the company’s financial health, Urban Outfitters reported $0.25 EPS for the quarter, based on the information available during the earnings call on May 18, 2016. Analyst had a consensus estimate of $0.25. The company had revenue of $762.58 million for the quarter, compared to analysts expectations of $758.87 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Many Wall Street Analysts have commented on Urban Outfitters. Company shares were Reiterated by Deutsche Bank on Jul 25, 2016 to “Hold”, Firm has raised the Price Target to $ 32 from a previous price target of $28 .Shares were Reiterated by RBC Capital Mkts on Jun 10, 2016 to “Sector Perform” and Lowered the Price Target to $ 29 from a previous price target of $32 .Shares were Reiterated by Telsey Advisory Group on Jun 10, 2016 to “Market Perform” and Lowered the Price Target to $ 31 from a previous price target of $35 .
Urban Outfitters Inc. (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters Anthropologie Group Free People and Terrain brands whose merchandise is sold directly to the Company’s customers through retail stores Websites mobile applications catalogs and customer contact centers. The Urban Outfitters targets young adults aged 18 to 28. The Anthropologie Group consists of the Anthropologie and Bhldn brands. Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand is designed for women and men interested in a creative outdoor living and gardening. The Wholesale segment consists of the Free People wholesale division that primarily designs develops and markets young women’s contemporary casual apparel.