SG Americas Securities LLC Has $1.47 Million Position in Urban Outfitters, Inc. (URBN)
SG Americas Securities LLC decreased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,149 shares of the apparel retailer’s stock after selling 3,416 shares during the period. SG Americas Securities LLC owned about 0.07% of Urban Outfitters worth $1,467,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in Urban Outfitters by 40.3% in the first quarter. First Trust Advisors LP now owns 360,319 shares of the apparel retailer’s stock worth $8,561,000 after buying an additional 103,459 shares in the last quarter. State Treasurer State of Michigan raised its position in Urban Outfitters by 24.2% in the first quarter. State Treasurer State of Michigan now owns 35,900 shares of the apparel retailer’s stock worth $853,000 after buying an additional 7,005 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Urban Outfitters by 51.0% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 18,251 shares of the apparel retailer’s stock worth $434,000 after buying an additional 6,166 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Urban Outfitters by 23.1% in the first quarter. Wedge Capital Management L L P NC now owns 19,659 shares of the apparel retailer’s stock worth $467,000 after buying an additional 3,686 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Urban Outfitters by 1,163.0% in the first quarter. Great West Life Assurance Co. Can now owns 301,564 shares of the apparel retailer’s stock worth $7,168,000 after buying an additional 277,687 shares in the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.
Urban Outfitters, Inc. (URBN) opened at 20.29 on Thursday. Urban Outfitters, Inc. has a 52-week low of $16.19 and a 52-week high of $40.80. The company’s 50-day moving average price is $18.64 and its 200 day moving average price is $21.32. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 13.58 and a beta of 0.66.
Urban Outfitters (NASDAQ:URBN) last posted 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 company had revenue of $873 million for the quarter, compared to analyst estimates of $860.80 million. During the same quarter in the prior year, the business posted $0.66 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. Equities analysts predict that Urban Outfitters, Inc. will post $1.42 earnings per share for the current fiscal year.
Urban Outfitters announced 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 buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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A number of research analysts recently issued reports on the company. Wolfe Research lowered Urban Outfitters from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, May 9th. Zacks Investment Research upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. BidaskClub upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Royal Bank Of Canada set a $22.00 price objective on Urban Outfitters and gave the company a “hold” rating in a research report on Monday, May 15th. Finally, Deutsche Bank AG restated a “hold” rating and set a $25.00 price objective (up previously from $24.00) on shares of Urban Outfitters in a research report on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have issued a buy rating to the company’s stock. Urban Outfitters currently has a consensus rating of “Hold” and a consensus price target of $23.03.
About Urban Outfitters
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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