Petrus Trust Company Lta buys $6,323,187 stake in Urban Outfitters (URBN)

Urban Outfitters (URBN) : Petrus Trust Company Lta scooped up 5,293 additional shares in Urban Outfitters during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 206,303 shares of Urban Outfitters which is valued at $6,323,187.Urban Outfitters makes up approximately 1.37% of Petrus Trust Company Lta’s portfolio.

Other Hedge Funds, Including , Harber Asset Management sold out all of its stake in URBN during the most recent quarter. The investment firm sold 25,734 shares of URBN which is valued $788,747.Tower Bridge Advisors reduced its stake in URBN by selling 3,650 shares or 5.09% in the most recent quarter. The Hedge Fund company now holds 68,025 shares of URBN which is valued at $2,084,966. Urban Outfitters makes up approx 0.25% of Tower Bridge Advisors’s portfolio. Sentry Investment Management sold out all of its stake in URBN during the most recent quarter. The investment firm sold 5,845 shares of URBN which is valued $179,149.Blackrock Institutional Trust Company N.a. boosted its stake in URBN in the latest quarter, The investment management firm added 52,899 additional shares and now holds a total of 2,377,411 shares of Urban Outfitters which is valued at $72,867,647. Urban Outfitters makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Mizuho Trust Banking Ltd. reduced its stake in URBN by selling 63,800 shares or 34.73% in the most recent quarter. The Hedge Fund company now holds 119,899 shares of URBN which is valued at $3,493,857. Urban Outfitters makes up approx 0.01% of Mizuho Trust Banking Ltd.’s portfolio.

Urban Outfitters closed down -0.07 points or -0.20% at $35.78 with 23,21,416 shares getting traded on Thursday. Post opening the session at $35.79, the shares hit an intraday low of $35.32 and an intraday high of $35.87 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Urban Outfitters reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $0.55. The company had revenue of $890.57 million for the quarter, compared to analysts expectations of $884.40 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Urban Outfitters. Company shares were Upgraded by Wolfe Research on Sep 7, 2016 to ” Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $36 .Goldman Downgraded Urban Outfitters on Aug 22, 2016 to ” Neutral”, Price Target of the shares are set at $35.Company shares were Reiterated by FBR Capital on Aug 17, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 31 from a previous price target of $29 .

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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