Catalyst Capital Advisors LLC purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,200 shares of the apparel retailer’s stock, valued at approximately $315,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Empirical Finance LLC lifted its position in shares of Urban Outfitters by 45.9% during the 3rd quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock valued at $2,322,000 after acquiring an additional 30,559 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Urban Outfitters by 39.8% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock valued at $572,000 after acquiring an additional 8,800 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Urban Outfitters by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer’s stock valued at $72,803,000 after acquiring an additional 10,249 shares during the period. First Trust Advisors LP lifted its position in shares of Urban Outfitters by 2.9% during the 2nd quarter. First Trust Advisors LP now owns 370,822 shares of the apparel retailer’s stock valued at $6,875,000 after acquiring an additional 10,503 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Urban Outfitters by 11.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock valued at $2,577,000 after acquiring an additional 13,795 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.
A number of research firms have recently weighed in on URBN. Robert W. Baird reiterated a “buy” rating on shares of Urban Outfitters in a research report on Friday, November 24th. Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research report on Thursday, November 23rd. Alere Financial reiterated a “neutral” rating and set a $24.00 target price (up from $19.00) on shares of Urban Outfitters in a research report on Wednesday, November 22nd. B. Riley upped their target price on Urban Outfitters from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, November 21st. Finally, SunTrust Banks boosted their price target on Urban Outfitters to $30.00 and gave the stock a “positive” rating in a report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $24.20.
Shares of Urban Outfitters, Inc. (NASDAQ:URBN) traded down $0.11 on Thursday, reaching $32.53. The company’s stock had a trading volume of 2,694,066 shares, compared to its average volume of 3,445,951. Urban Outfitters, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $35.55. The firm has a market cap of $3,497.51, a PE ratio of 21.12, a PEG ratio of 1.81 and a beta of 0.73.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The business had revenue of $892.77 million during the quarter, compared to analysts’ expectations of $860.64 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. equities analysts anticipate that Urban Outfitters, Inc. will post 1.55 earnings per share for the current year.
Urban Outfitters announced that its board has approved a share repurchase plan on Thursday, August 24th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the apparel retailer to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
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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.
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