Ontario Teachers Pension Plan Board Raises Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Ontario Teachers Pension Plan Board lifted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 684.1% during the second quarter, Holdings Channel reports. The institutional investor owned 60,616 shares of the apparel retailer’s stock after acquiring an additional 52,885 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Urban Outfitters were worth $1,379,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Urban Outfitters by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,083,951 shares of the apparel retailer’s stock valued at $102,389,000 after purchasing an additional 227,342 shares during the period. Geode Capital Management LLC lifted its stake in Urban Outfitters by 13.1% in the fourth quarter. Geode Capital Management LLC now owns 942,948 shares of the apparel retailer’s stock worth $31,305,000 after acquiring an additional 109,441 shares during the period. Quadrant Capital Group LLC purchased a new stake in Urban Outfitters in the first quarter worth $68,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Urban Outfitters by 178.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,194 shares of the apparel retailer’s stock worth $421,000 after acquiring an additional 9,100 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Urban Outfitters by 155.9% in the first quarter. SG Americas Securities LLC now owns 27,088 shares of the apparel retailer’s stock worth $803,000 after acquiring an additional 16,502 shares during the period. Hedge funds and other institutional investors own 74.10% of the company’s stock.

URBN traded down $0.79 during trading on Friday, reaching $23.94. The stock had a trading volume of 131,348 shares, compared to its average volume of 3,541,282. The stock’s 50 day moving average is $22.31 and its two-hundred day moving average is $26.11. The company has a current ratio of 1.60, a quick ratio of 0.89 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 0.96 and a beta of 0.72. Urban Outfitters, Inc. has a one year low of $19.63 and a one year high of $48.08.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $962.30 million during the quarter, compared to the consensus estimate of $981.40 million. Urban Outfitters had a return on equity of 18.10% and a net margin of 6.54%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. On average, equities research analysts predict that Urban Outfitters, Inc. will post 2.3 earnings per share for the current year.

A number of analysts recently commented on the company. TheStreet lowered Urban Outfitters from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. BidaskClub raised Urban Outfitters from a “sell” rating to a “hold” rating in a research note on Friday, August 23rd. KeyCorp reaffirmed a “hold” rating on shares of Urban Outfitters in a research note on Wednesday, August 21st. MKM Partners dropped their price target on Urban Outfitters to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $29.00 price target (down previously from $33.00) on shares of Urban Outfitters in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. Urban Outfitters has a consensus rating of “Hold” and an average price target of $28.82.

Urban Outfitters Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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