Parametric Portfolio Associates LLC Grows Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Parametric Portfolio Associates LLC increased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,099,822 shares of the apparel retailer’s stock after purchasing an additional 3,441 shares during the period. Parametric Portfolio Associates LLC owned approximately 1.12% of Urban Outfitters worth $30,894,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Kistler Tiffany Companies LLC bought a new position in shares of Urban Outfitters in the third quarter worth about $33,000. Compagnie Lombard Odier SCmA bought a new position in Urban Outfitters in the 2nd quarter worth about $46,000. Signaturefd LLC grew its stake in Urban Outfitters by 71.4% in the 2nd quarter. Signaturefd LLC now owns 2,112 shares of the apparel retailer’s stock worth $48,000 after acquiring an additional 880 shares in the last quarter. Parallel Advisors LLC grew its stake in Urban Outfitters by 228.2% in the 3rd quarter. Parallel Advisors LLC now owns 3,321 shares of the apparel retailer’s stock worth $93,000 after acquiring an additional 2,309 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Urban Outfitters by 37.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,480 shares of the apparel retailer’s stock worth $80,000 after acquiring an additional 941 shares during the period. Institutional investors own 81.54% of the company’s stock.

Shares of NASDAQ URBN opened at $24.31 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.57 and a quick ratio of 0.82. The stock has a market capitalization of $2.38 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of 1.15 and a beta of 0.71. Urban Outfitters, Inc. has a 1-year low of $19.63 and a 1-year high of $39.46. The business has a fifty day moving average price of $28.22 and a 200 day moving average price of $24.93.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 19th. The apparel retailer reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). Urban Outfitters had a net margin of 5.96% and a return on equity of 16.67%. The firm had revenue of $987.47 million for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company earned $0.70 EPS. The company’s revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Urban Outfitters, Inc. will post 2.19 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the company. Royal Bank of Canada lowered their price target on Urban Outfitters from $28.00 to $25.00 and set a “market perform” rating for the company in a report on Wednesday, November 20th. Morgan Stanley restated a “buy” rating and set a $32.00 price objective (down from $34.00) on shares of Urban Outfitters in a report on Thursday, November 21st. Barclays reaffirmed a “neutral” rating on shares of Urban Outfitters in a research report on Thursday, November 21st. Bank of America reiterated a “buy” rating and issued a $28.00 target price (down from $33.00) on shares of Urban Outfitters in a report on Wednesday, August 21st. Finally, Wedbush upped their target price on Urban Outfitters from $20.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Fourteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.50.

Urban Outfitters Company 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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