Nisa Investment Advisors LLC reduced its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 31.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,000 shares of the apparel retailer’s stock after selling 11,730 shares during the period. Nisa Investment Advisors LLC’s holdings in Urban Outfitters were worth $464,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Robecosam AG raised its position 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 period. LS Investment Advisors LLC raised its position in shares of Urban Outfitters by 12.5% in the second quarter. LS Investment Advisors LLC now owns 9,488 shares of the apparel retailer’s stock worth $176,000 after buying an additional 1,052 shares during the period. Miles Capital Inc. raised its position 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 period. Bank of Nova Scotia acquired a new position in shares of Urban Outfitters during the first quarter worth $251,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Urban Outfitters during the first quarter worth $253,000. 82.82% of the stock is owned by institutional investors and hedge funds.
Shares of Urban Outfitters, Inc. (NASDAQ:URBN) traded up 3.229% during trading on Friday, reaching $17.745. The company had a trading volume of 3,143,952 shares. The firm’s 50 day moving average price is $18.40 and its 200 day moving average price is $21.90. The firm has a market capitalization of $2.05 billion, a P/E ratio of 10.359 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 announced its earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $761.20 million for the quarter, compared to analyst estimates of $768.95 million. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.88%. Urban Outfitters’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. Equities analysts predict that Urban Outfitters, Inc. will post $1.39 EPS for the current year.
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A number of equities research analysts have issued reports on URBN shares. Bank of America Corporation restated a “buy” rating and set a $25.00 price target (down from $30.00) on shares of Urban Outfitters in a research note on Wednesday, May 17th. Jefferies Group LLC reiterated a “buy” rating and set a $30.00 price objective on shares of Urban Outfitters in a research note on Wednesday, May 17th. Morgan Stanley reiterated an “equal weight” rating and set a $19.00 price objective (down from $27.00) on shares of Urban Outfitters in a research note on Friday, May 19th. FBR & Co restated a “hold” rating and issued a $24.00 price target (down from $28.00) on shares of Urban Outfitters in a research note on Wednesday, May 17th. Finally, Royal Bank Of Canada set a $22.00 price target on Urban Outfitters and gave the stock a “hold” rating in a research note on Monday, May 15th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $25.53.
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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