Quantres Asset Management Ltd adds Urban Outfitters (URBN) to its portfolio

Urban Outfitters (URBN) : Quantres Asset Management Ltd added new position in Urban Outfitters during the most recent quarter end. The investment management firm now holds 78,600 shares of Urban Outfitters which is valued at $2,459,394 , the company said in a statement filed on Apr 19, 2016 with the SEC.Urban Outfitters makes up approximately 2.30% of Quantres Asset Management Ltd’s portfolio.

Urban Outfitters opened for trading at $31 and hit $31.41 on the upside on Friday, eventually ending the session at $31.29, with a gain of 1.00% or 0.31 points. The heightened volatility saw the trading volume jump to 9,75,596 shares. Company has a market cap of $3,673 M.

Other Hedge Funds, Including , Btim Corp. boosted its stake in URBN in the latest quarter, The investment management firm added 39,023 additional shares and now holds a total of 254,941 shares of Urban Outfitters which is valued at $7,977,104. Urban Outfitters makes up approx 0.14% of Btim Corp.’s portfolio.Gemmer Asset Management reduced its stake in URBN by selling 115 shares or 26.38% in the most recent quarter. The Hedge Fund company now holds 321 shares of URBN which is valued at $10,089. Urban Outfitters makes up approx 0.01% of Gemmer Asset Management’s portfolio.Capital Impact Advisors boosted its stake in URBN in the latest quarter, The investment management firm added 1,027 additional shares and now holds a total of 23,457 shares of Urban Outfitters which is valued at $737,254. Urban Outfitters makes up approx 0.35% of Capital Impact Advisors’s portfolio. Proficio Capital Partners added URBN to its portfolio by purchasing 28 company shares during the most recent quarter which is valued at $838.

On the company’s financial health, Urban Outfitters reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 7, 2016. Analyst had a consensus of $0.56. The company had revenue of $1013.00 million for the quarter, compared to analysts expectations of $1019.71 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Urban Outfitters. Company shares were Reiterated by RBC Capital Mkts on Apr 14, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .Company shares were Reiterated by Stifel on Apr 1, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $34 .Company shares were Reiterated by Mizuho on Mar 8, 2016 to “Neutral”, Firm has raised the Price Target to $ 30 from a previous price target of $20 .

Urban Outfitters Inc. (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters Anthropologie Group Free People and Terrain brands whose merchandise is sold directly to the Company’s customers through retail stores Websites mobile applications catalogs and customer contact centers. The Urban Outfitters targets young adults aged 18 to 28. The Anthropologie Group consists of the Anthropologie and Bhldn brands. Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand is designed for women and men interested in a creative outdoor living and gardening. The Wholesale segment consists of the Free People wholesale division that primarily designs develops and markets young women’s contemporary casual apparel.

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