KBC Group NV Acquires 594 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

KBC Group NV lifted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 39.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,087 shares of the apparel retailer’s stock after acquiring an additional 594 shares during the period. KBC Group NV’s holdings in Urban Outfitters were worth $80,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its stake in shares of Urban Outfitters by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after purchasing an additional 1,230,771 shares during the last quarter. Woodson Capital Management LP purchased a new position in Urban Outfitters during the first quarter worth $27,233,000. Vanguard Group Inc. increased its position in Urban Outfitters by 5.0% during the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock valued at $349,736,000 after acquiring an additional 382,135 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Urban Outfitters by 20.5% in the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after acquiring an additional 264,708 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in shares of Urban Outfitters in the 2nd quarter worth about $7,685,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays dropped their price objective on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, August 22nd. Bank of America cut their price target on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Jefferies Financial Group decreased their price objective on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. Morgan Stanley reduced their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Finally, BMO Capital Markets lowered their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $42.27.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 31.80% of the stock is owned by company insiders.

Urban Outfitters Trading Up 4.3 %

Urban Outfitters stock opened at $38.98 on Friday. The firm has a market cap of $3.60 billion, a PE ratio of 11.92, a P/E/G ratio of 0.90 and a beta of 1.50. The stock’s 50 day simple moving average is $37.11 and its two-hundred day simple moving average is $40.08. Urban Outfitters, Inc. has a 12 month low of $31.41 and a 12 month high of $48.90.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.00 by $0.24. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $1.10 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Urban Outfitters, Inc. will post 3.66 EPS for the current year.

Urban Outfitters Profile

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