Mmbg Investment Advisors CO. Purchases Shares of 7,815 Urban Outfitters, Inc. $URBN

Mmbg Investment Advisors CO. purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 7,815 shares of the apparel retailer’s stock, valued at approximately $554,000.

Other institutional investors have also recently made changes to their positions in the company. Great Lakes Advisors LLC purchased a new stake in shares of Urban Outfitters in the second quarter worth $1,683,000. Danske Bank A S bought a new position in Urban Outfitters in the 2nd quarter worth about $487,000. BlackRock Inc. purchased a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $615,160,000. Deutsche Bank AG bought a new stake in shares of Urban Outfitters during the 2nd quarter valued at about $4,480,000. Finally, Chase Investment Counsel Corp purchased a new position in shares of Urban Outfitters during the second quarter worth about $4,769,000. Institutional investors own 77.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and raised their target price for the company from $76.00 to $93.00 in a research note on Monday, July 20th. Barclays decreased their price target on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Zacks Research downgraded shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Morgan Stanley reissued an “overweight” rating and issued a $89.00 target price on shares of Urban Outfitters in a research note on Monday, July 6th. Finally, Jefferies Financial Group lifted their price target on Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.73.

Urban Outfitters Stock Down 0.3%

Shares of NASDAQ:URBN opened at $74.38 on Thursday. The stock has a market cap of $6.37 billion, a PE ratio of 14.28, a PEG ratio of 1.38 and a beta of 1.23. The company’s fifty day moving average is $73.87 and its 200 day moving average is $70.58. Urban Outfitters, Inc. has a 52 week low of $59.53 and a 52 week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm earned $1.16 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Sell-side analysts anticipate that Urban Outfitters, Inc. will post 6.13 EPS for the current year.

Insider Activity

In other Urban Outfitters news, insider Azeez Hayne sold 8,733 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total value of $639,080.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Melanie Marein-Efron sold 5,036 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total value of $369,743.12. Following the sale, the chief financial officer directly owned 17,023 shares of the company’s stock, valued at approximately $1,249,828.66. This trade represents a 22.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 32.10% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.