Cibc World Market Inc. Takes Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Cibc World Market Inc. purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBNGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,170 shares of the apparel retailer’s stock, valued at approximately $246,000.

A number of other large investors also recently modified their holdings of URBN. SG Americas Securities LLC raised its position in Urban Outfitters by 125.1% during the 1st quarter. SG Americas Securities LLC now owns 12,796 shares of the apparel retailer’s stock worth $321,000 after purchasing an additional 7,112 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Urban Outfitters by 1.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 59,827 shares of the apparel retailer’s stock worth $1,502,000 after purchasing an additional 862 shares during the last quarter. Versor Investments LP bought a new position in Urban Outfitters during the 1st quarter worth $270,000. Victory Capital Management Inc. bought a new position in shares of Urban Outfitters in the 1st quarter worth about $449,000. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its stake in shares of Urban Outfitters by 11.9% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 12,200 shares of the apparel retailer’s stock valued at $294,000 after purchasing an additional 1,300 shares during the period. 76.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Azeez Hayne sold 4,095 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $25.02, for a total value of $102,456.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, COO Frank Conforti sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the chief operating officer now directly owns 25,960 shares of the company’s stock, valued at $649,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 4,095 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $25.02, for a total value of $102,456.90. The disclosure for this sale can be found here. Corporate insiders own 27.50% of the company’s stock.

Urban Outfitters Stock Performance

Shares of URBN opened at $27.68 on Thursday. The stock has a 50 day moving average price of $23.00 and a two-hundred day moving average price of $21.70. The firm has a market capitalization of $2.55 billion, a P/E ratio of 15.55, a P/E/G ratio of 0.91 and a beta of 1.37. Urban Outfitters, Inc. has a 52 week low of $17.81 and a 52 week high of $33.77.

Urban Outfitters (NASDAQ:URBNGet Rating) last issued its quarterly earnings data on Monday, November 21st. The apparel retailer reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Urban Outfitters had a return on equity of 9.83% and a net margin of 3.57%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, equities analysts forecast that Urban Outfitters, Inc. will post 1.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on URBN shares. BMO Capital Markets boosted their price objective on Urban Outfitters from $19.00 to $24.00 and gave the company a “market perform” rating in a research note on Tuesday. Barclays boosted their price objective on Urban Outfitters from $19.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Urban Outfitters from $20.00 to $22.00 in a research note on Tuesday. StockNews.com started coverage on Urban Outfitters in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, TheStreet raised Urban Outfitters from a “c” rating to a “b-” rating in a research note on Monday, November 14th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Urban Outfitters currently has a consensus rating of “Hold” and an average target price of $26.08.

Urban Outfitters Profile

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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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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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