Federated Investors Inc. PA Boosts Stake in Urban Outfitters, Inc. (URBN)
Federated Investors Inc. PA boosted its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 88.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 638,851 shares of the apparel retailer’s stock after buying an additional 299,516 shares during the period. Federated Investors Inc. PA owned 0.55% of Urban Outfitters worth $11,845,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. Bank of Nova Scotia purchased a new stake in shares of Urban Outfitters during the first quarter worth approximately $251,000. Robecosam AG raised its stake in shares of Urban Outfitters by 22.0% in the first quarter. Robecosam AG now owns 6,100 shares of the apparel retailer’s stock worth $149,000 after buying an additional 1,100 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Urban Outfitters by 117.7% in the first quarter. LS Investment Advisors LLC now owns 8,436 shares of the apparel retailer’s stock worth $200,000 after buying an additional 4,561 shares during the last quarter. Miles Capital Inc. raised its stake in shares of 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 during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Urban Outfitters during the first quarter worth approximately $253,000. Hedge funds and other institutional investors own 87.67% of the company’s stock.
Shares of Urban Outfitters, Inc. (NASDAQ:URBN) opened at 21.62 on Monday. The company has a market cap of $2.41 billion, a PE ratio of 14.47 and a beta of 0.66. The stock’s 50 day moving average price is $18.64 and its 200-day moving average price is $21.32. 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, beating the Zacks’ consensus estimate of $0.37 by $0.07. The firm had revenue of $873 million during the quarter, compared to analyst estimates of $860.80 million. Urban Outfitters had a return on equity of 13.61% and a net margin of 4.92%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. Analysts expect that Urban Outfitters, Inc. will post $1.42 EPS for the current year.
Urban Outfitters declared that its Board of Directors has authorized a share buyback plan on Thursday, August 24th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the apparel retailer to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of brokerages recently commented on URBN. UBS AG reiterated a “neutral” rating and issued a $21.00 price objective (down from $25.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. MKM Partners set a $16.00 price objective on Urban Outfitters and gave the stock a “sell” rating in a research report on Wednesday, August 16th. BMO Capital Markets set a $20.00 price objective on Urban Outfitters and gave the stock a “hold” rating in a research report on Tuesday, August 8th. KeyCorp set a $26.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Finally, Jefferies Group LLC set a $25.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.03.
Urban Outfitters Company 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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