AIMZ Investment Advisors LLC trimmed its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,856 shares of the apparel retailer’s stock after selling 250 shares during the period. AIMZ Investment Advisors LLC owned 0.06% of Urban Outfitters worth $1,202,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of URBN. Sun Life Financial INC bought a new stake in Urban Outfitters in the second quarter worth approximately $151,000. LS Investment Advisors LLC grew its position in 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 acquiring an additional 1,052 shares in the last quarter. Pacad Investment Ltd. bought a new stake in Urban Outfitters in the second quarter worth approximately $191,000. BT Investment Management Ltd bought a new stake in Urban Outfitters in the second quarter worth approximately $196,000. Finally, Oppenheimer Asset Management Inc. grew its position in Urban Outfitters by 0.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after acquiring an additional 43 shares in the last quarter. 87.58% of the stock is owned by institutional investors.
Shares of Urban Outfitters, Inc. (URBN) traded down 0.56% during trading on Wednesday, hitting $23.06. 402,757 shares of the stock were exchanged. The firm’s 50-day moving average is $22.36 and its 200 day moving average is $20.61. Urban Outfitters, Inc. has a 1-year low of $16.19 and a 1-year high of $40.80. The company has a market cap of $2.53 billion, a P/E ratio of 15.37 and a beta of 0.63.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. The company had revenue of $873.00 million during the quarter, compared to analysts’ expectations of $860.80 million. Urban Outfitters had a net margin of 4.92% and a return on equity of 13.61%. Urban Outfitters’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 earnings per share. Equities analysts forecast that Urban Outfitters, Inc. will post $1.41 earnings per share for the current fiscal year.
Urban Outfitters announced that its Board of Directors has initiated a share buyback plan on Thursday, August 24th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the apparel retailer to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
URBN has been the subject of several recent research reports. Royal Bank Of Canada set a $17.00 target price on shares of Urban Outfitters and gave the stock a “hold” rating in a research report on Monday, July 17th. BidaskClub raised shares of Urban Outfitters from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Morgan Stanley boosted their target price on shares of Urban Outfitters from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 16th. Bank of America Corporation set a $24.00 target price on shares of Urban Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Finally, BMO Capital Markets set a $20.00 target price on shares of Urban Outfitters and gave the stock a “hold” rating in a research report on Monday, September 11th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and seven have issued a buy rating to the company. Urban Outfitters presently has an average rating of “Hold” and an average target price of $22.24.
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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