Cornerstone Capital Management Holdings LLC. purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 333,925 shares of the apparel retailer’s stock, valued at approximately $11,706,000. Cornerstone Capital Management Holdings LLC. owned about 0.31% of Urban Outfitters as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also modified their holdings of URBN. Trust Co. of Vermont acquired a new stake in Urban Outfitters during the fourth quarter valued at approximately $110,000. State of Alaska Department of Revenue acquired a new stake in Urban Outfitters during the fourth quarter valued at approximately $175,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Urban Outfitters by 42.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after buying an additional 1,522 shares in the last quarter. Shelton Capital Management acquired a new stake in Urban Outfitters during the fourth quarter valued at approximately $234,000. Finally, Invictus RG acquired a new stake in Urban Outfitters during the third quarter valued at approximately $241,000. 76.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Urban Outfitters, Inc. (URBN) opened at $35.93 on Friday. Urban Outfitters, Inc. has a 1 year low of $16.19 and a 1 year high of $38.28. The company has a market capitalization of $3,829.83, a P/E ratio of 37.43, a P/E/G ratio of 1.31 and a beta of 0.56.
Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.63 by $0.06. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm earned $0.55 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. research analysts forecast that Urban Outfitters, Inc. will post 2.25 EPS for the current year.
Several brokerages have issued reports on URBN. Loop Capital began coverage on Urban Outfitters in a research note on Thursday, March 8th. They set a “buy” rating and a $46.00 price objective on the stock. Buckingham Research set a $42.00 price objective on Urban Outfitters and gave the company a “buy” rating in a research note on Thursday, March 8th. Telsey Advisory Group restated a “market perform” rating and set a $39.00 price objective (up previously from $38.00) on shares of Urban Outfitters in a research note on Wednesday, March 7th. Morgan Stanley restated an “equal weight” rating and set a $33.00 price objective (up previously from $28.00) on shares of Urban Outfitters in a research note on Wednesday, March 7th. Finally, BMO Capital Markets set a $37.00 price objective on Urban Outfitters and gave the company a “hold” rating in a research note on Tuesday, March 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.85.
In other Urban Outfitters news, COO Calvin Hollinger sold 17,397 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $35.25, for a total transaction of $613,244.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Frank Conforti sold 13,788 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $35.40, for a total value of $488,095.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,765 shares of company stock worth $3,566,394. 26.30% of the stock is owned by insiders.
TRADEMARK VIOLATION NOTICE: “Cornerstone Capital Management Holdings LLC. Takes Position in Urban Outfitters, Inc. (URBN)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2018/03/18/cornerstone-capital-management-holdings-llc-takes-position-in-urban-outfitters-inc-urbn.html.
Urban Outfitters 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.
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.