Mutual of America Capital Management LLC increased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 11.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,524 shares of the apparel retailer’s stock after buying an additional 7,991 shares during the period. Mutual of America Capital Management LLC owned about 0.07% of Urban Outfitters worth $1,400,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. LS Investment Advisors LLC raised its stake in Urban Outfitters by 12.5% in the second quarter. LS Investment Advisors LLC now owns 9,488 shares of the apparel retailer’s stock worth $176,000 after buying an additional 1,052 shares in the last quarter. Pacad Investment Ltd. bought a new position in Urban Outfitters in the second quarter worth approximately $191,000. BT Investment Management Ltd bought a new position in Urban Outfitters in the second quarter worth approximately $196,000. Oppenheimer Asset Management Inc. raised its stake in Urban Outfitters by 0.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after buying an additional 43 shares in the last quarter. Finally, Miles Capital Inc. raised its stake in Urban Outfitters by 0.8% in the first quarter. Miles Capital Inc. now owns 8,470 shares of the apparel retailer’s stock worth $201,000 after buying an additional 70 shares in the last quarter. 87.58% of the stock is owned by institutional investors.
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A number of equities analysts recently commented on the stock. Deutsche Bank AG downgraded shares of Urban Outfitters from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $23.00 to $19.00 in a research note on Tuesday, October 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Urban Outfitters in a research note on Thursday, September 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $21.00 price objective on shares of Urban Outfitters in a research note on Monday, September 18th. BidaskClub raised shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, BMO Capital Markets set a $20.00 price objective on shares of Urban Outfitters and gave the stock a “hold” rating in a research note on Monday, September 11th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seven have assigned a buy rating to the company’s stock. Urban Outfitters has an average rating of “Hold” and an average price target of $22.24.
Shares of Urban Outfitters, Inc. (URBN) opened at 23.13 on Friday. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 15.48 and a beta of 0.63. The stock’s 50 day moving average is $22.13 and its 200 day moving average is $20.64. Urban Outfitters, Inc. has a 1-year low of $16.19 and a 1-year high of $40.80.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. The business had revenue of $873.00 million for the quarter, compared to analyst estimates of $860.80 million. Urban Outfitters had a net margin of 4.92% and a return on equity of 13.61%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. On average, equities analysts forecast that Urban Outfitters, Inc. will post $1.41 EPS for the current year.
Urban Outfitters announced that its board has approved a share repurchase program on Thursday, August 24th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the apparel retailer to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
About Urban Outfitters
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.
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