Fort Pitt Capital Group LLC declined its position in the third quarter of Urban Outfitters, Inc. (NASDAQ: URBN) of 0.7%, in line with its latest filing at 13F with the Securities and Exchange Commission. During this period, the company held 519,163 shares of the trader with clothing after selling 3,850 shares. Urban Outfitters accounts for approximately 1.5% of Fort Pitt Capital Group LLC, making it its 29th largest. At the end of the last quarter, Fort Pitt Capital Group LLC had approximately 0.48% of Urban Outfitters worth 21,234 thousand US dollars.
Many other institutional investors have recently purchased and sold URBN shares. In the second quarter, Mount Yale Investment Advisors LLC acquired a new share in Urban Outfitters worth approximately $ 109,000. Point72 Hong Kong Ltd raised its stake in Urban Outfitters by 145.5% in the second quarter. Point72 Hong Kong Ltd now owns 2,600 retailer shares worth $ 116,000 after acquiring an additional 1,541 shares during that period. Stratos Wealth Partners LTD. acquired a new share in Urban Outfitters shares in the 3rd quarter, worth about $ 149,000. Envestnet Asset Management Inc. increased its share in Urban Outfitters shares by 679.4% in the second quarter. Envestnet Asset Management Inc. now owns 3,710 retailer shares of USD 166,000 after acquiring an additional 3,234 shares during this period. Finally, Preferred LLC consultants raised their share in Urban Outfitters shares by 50.2% in the second quarter. Preferred LLC consultants currently owns 3,780 retailer shares worth US $ 169,000, after gaining an additional 1,264 shares during that period. 78.56% of stocks are owned by hedge funds and other institutional investors.
In related news, Director Trish Donnelly sold 19,332 shares of the company in a transaction that took place on Friday, August 24th. Shares were sold at an average price of US $ 46.10, totaling US $ 891,205.20. The transaction was disclosed in a SEC application, which you can access through this hyperlink. 25.90% of stocks are owned by in-house persons.
NASDAQ URBN opened on Friday at $ 41.36. Urban Outfitters, Inc. has a 12-month low of $ 23.91 and a 12-month value of $ 52.50. The company has a market capitalization of USD 4.40 billion, a P / E ratio of 24.77, a ratio between price and profit of 1.19 and beta 0.54.
Urban Outfitters (NASDAQ: URBN) announced its earnings results on Tuesday, August 21st. In the quarter, the clothing retailer reported EUR 0.84, which is estimated by the analysts' approval of EUR 0.77 for EUR 0.07. Urban Outfitters had a net margin of 4.71% and a return on equity of 18.92%. The company had 992.50 million revenue for the quarter, compared with consensus estimates of $ 980.19 million. In the same period last year, the company earned 0.44 euros EPS. Operating revenues for the quarter increased by 13.7% compared to the previous year. On average, analysts predict that Urban Outfitters, Inc. posted 2.66 net earnings per share in the current financial year.
Many analysts have recently been weighed in stock. Nomura increased its price tag for Urban Outfitters' shares from $ 40.00 to $ 43.00 and gave the stocks a "neutral" rating in a research report on Wednesday, August 22. On Wednesday, August 22, Wells Fargo & Co increased its target price for the shares of Urban Outfitters from 45 to 50 euros in a research note on Wednesday, August 22, and gave the stock rating grade on the market. Robert W. Baird lowered Urban Outfitters from the outperform rating to a "neutral" rating and set a target price of $ 38.00 for the company. in a study on Tuesday, August 14th. They found that the move was to evaluate the call. On Wednesday, August 22, Deutsche Bank rose to the price of the shares of Urban Outfitters from 35.00 to 39.00 USD, which the company sold "in the survey. In the end, Loop Capital set a price tag of $ 55.00 for Urban Outfitters and on Monday, August 13, gave the company a "buy" rating. Two publishing analysts rated the stock with a sales estimate, fifteen issued a rating for hold and eight gave a rating on the rating. In stock, the Hold value is unanimously estimated and the average target price is 45.83 USD.
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About Urban Outfitters
Urban Outfitters, Inc., a lifestyle products and services company, deals with retail and wholesale consumer goods. The company has under the brand name Urban Outfitters women's and men's fashion garments, active equipment, intimate, footwear, accessories, home, electronics and beauty products for those aged 18 to 28; women's casual wear and accessories, intimates, shoes and home furnishings, as well as gifts, decorative items and beauty products for women aged 28 to 45 under the Anthropologie mark.
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