Urban Outfitters, Inc. (URBN) Shares Sold by Skylands Capital LLC

Skylands Capital LLC reduced its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 84.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,000 shares of the apparel retailer’s stock after selling 144,800 shares during the period. Skylands Capital LLC’s holdings in Urban Outfitters were worth $912,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of URBN. California Public Employees Retirement System raised its position in Urban Outfitters by 6.5% during the 3rd quarter. California Public Employees Retirement System now owns 372,301 shares of the apparel retailer’s stock valued at $8,898,000 after purchasing an additional 22,601 shares in the last quarter. Vident Investment Advisory LLC raised its position in Urban Outfitters by 78.5% during the 3rd quarter. Vident Investment Advisory LLC now owns 137,358 shares of the apparel retailer’s stock valued at $3,283,000 after purchasing an additional 60,392 shares in the last quarter. Magnetar Financial LLC bought a new stake in Urban Outfitters during the 3rd quarter valued at $373,000. Royce & Associates LP raised its position in Urban Outfitters by 11.8% during the 3rd quarter. Royce & Associates LP now owns 95,000 shares of the apparel retailer’s stock valued at $2,271,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Senvest Management LLC bought a new stake in Urban Outfitters during the 3rd quarter valued at $36,629,000. 86.24% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters, Inc. (URBN) opened at $33.77 on Thursday. Urban Outfitters, Inc. has a one year low of $16.19 and a one year high of $36.10. The firm has a market capitalization of $3,605.76, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.78 and a beta of 0.73.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The firm had revenue of $892.77 million for the quarter, compared to the consensus estimate of $860.64 million. During the same period in the previous year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. analysts forecast that Urban Outfitters, Inc. will post 1.56 EPS for the current year.

URBN has been the subject of a number of research analyst reports. Jefferies Group lifted their target price on Urban Outfitters to $34.00 and gave the company a “buy” rating in a research report on Tuesday, November 21st. Robert W. Baird set a $27.00 target price on Urban Outfitters and gave the company a “buy” rating in a research report on Saturday, November 18th. Buckingham Research lifted their target price on Urban Outfitters from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, October 17th. Finally, SunTrust Banks set a $35.00 target price on Urban Outfitters and gave the company a “buy” rating in a research report on Monday, December 11th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have issued a buy rating to the company’s stock. Urban Outfitters currently has a consensus rating of “Hold” and an average price target of $26.40.

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Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

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

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