Urban Outfitters, Inc. (URBN) Shares Bought by Sei Investments Co.
Sei Investments Co. raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 578.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,262 shares of the apparel retailer’s stock after buying an additional 70,982 shares during the period. Sei Investments Co. owned about 0.07% of Urban Outfitters worth $1,543,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new position in Urban Outfitters during the first quarter valued at $530,000. Retirement Systems of Alabama boosted its position in Urban Outfitters by 172.4% in the first quarter. Retirement Systems of Alabama now owns 114,045 shares of the apparel retailer’s stock valued at $2,710,000 after buying an additional 72,174 shares in the last quarter. Profund Advisors LLC acquired a new position in Urban Outfitters during the first quarter valued at $300,000. ProShare Advisors LLC boosted its position in Urban Outfitters by 5.5% in the first quarter. ProShare Advisors LLC now owns 16,738 shares of the apparel retailer’s stock valued at $398,000 after buying an additional 871 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Urban Outfitters by 58.7% in the first quarter. Janney Montgomery Scott LLC now owns 14,549 shares of the apparel retailer’s stock valued at $346,000 after buying an additional 5,381 shares in the last quarter. 87.67% of the stock is currently owned by institutional investors and hedge funds.
Urban Outfitters, Inc. (NASDAQ:URBN) opened at 21.19 on Tuesday. The stock’s 50 day moving average price is $18.64 and its 200 day moving average price is $21.32. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 14.18 and a beta of 0.66. Urban Outfitters, Inc. has a 12 month low of $16.19 and a 12 month high of $40.80.
Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $873 million for the quarter, compared to analyst estimates of $860.80 million. During the same period last year, the company posted $0.66 EPS. The business’s revenue was down 2.0% on a year-over-year basis. Equities research analysts anticipate that Urban Outfitters, Inc. will post $1.42 earnings per share for the current fiscal year.
Urban Outfitters declared that its board has authorized a share buyback program on Thursday, August 24th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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URBN has been the topic of several research analyst reports. Wolfe Research cut Urban Outfitters from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, May 9th. Zacks Investment Research raised Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Deutsche Bank AG reaffirmed a “hold” rating and set a $25.00 price target (up previously from $24.00) on shares of Urban Outfitters in a research report on Monday, May 15th. Royal Bank Of Canada set a $22.00 price target on Urban Outfitters and gave the company a “hold” rating in a research report on Monday, May 15th. Finally, FBR & Co reaffirmed a “hold” rating and set a $24.00 price target (down previously from $28.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. Three equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seven have issued a buy rating to the company’s stock. Urban Outfitters 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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