Parametric Portfolio Associates LLC Lowers Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Parametric Portfolio Associates LLC reduced its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 19.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 170,748 shares of the apparel retailer’s stock after selling 42,091 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.15% of Urban Outfitters worth $3,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. grew 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 purchasing an additional 43 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Urban Outfitters by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 27,028 shares of the apparel retailer’s stock worth $501,000 after acquiring an additional 154 shares during the last quarter. Advisor Group Inc. lifted its holdings in Urban Outfitters by 1.1% in the second quarter. Advisor Group Inc. now owns 32,251 shares of the apparel retailer’s stock worth $595,000 after acquiring an additional 338 shares during the last quarter. Empirical Finance LLC lifted its holdings in Urban Outfitters by 0.5% in the second quarter. Empirical Finance LLC now owns 66,575 shares of the apparel retailer’s stock worth $1,235,000 after acquiring an additional 360 shares during the last quarter. Finally, Capstone Asset Management Co. lifted its holdings in Urban Outfitters by 2.5% in the second quarter. Capstone Asset Management Co. now owns 15,738 shares of the apparel retailer’s stock worth $292,000 after acquiring an additional 380 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on URBN. MKM Partners set a $16.00 target price on shares of Urban Outfitters and gave the stock a “sell” rating in a report on Wednesday, August 16th. BMO Capital Markets set a $20.00 price target on Urban Outfitters and gave the company a “hold” rating in a report on Tuesday, August 8th. KeyCorp set a $26.00 price target on Urban Outfitters and gave the company a “buy” rating in a report on Wednesday, August 16th. Robert W. Baird reaffirmed a “buy” rating and set a $24.00 price target on shares of Urban Outfitters in a report on Wednesday, November 1st. Finally, Jefferies Group LLC set a $25.00 target price on Urban Outfitters and gave the stock a “buy” rating in a report on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $22.47.

Shares of Urban Outfitters, Inc. (NASDAQ URBN) opened at $25.40 on Friday. The firm has a market cap of $2,826.54, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.62. Urban Outfitters, Inc. has a 52 week low of $16.19 and a 52 week high of $40.80.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Urban Outfitters had a net margin of 4.92% and a return on equity of 13.61%. The firm had revenue of $873.00 million for the quarter, compared to analysts’ expectations of $860.80 million. During the same period in the prior year, the firm earned $0.66 earnings per share. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. equities analysts predict that Urban Outfitters, Inc. will post 1.43 EPS for the current fiscal year.

Urban Outfitters declared that its Board of Directors has initiated a share buyback 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 repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: “Parametric Portfolio Associates LLC Lowers Stake in Urban Outfitters, Inc. (NASDAQ:URBN)” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/12/urban-outfitters-inc-urbn-shares-sold-by-parametric-portfolio-associates-llc.html.

Urban Outfitters Profile

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.

Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply