Dimensional Fund Advisors LP cut its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 1,357,335 shares of the apparel retailer’s stock after selling 22,946 shares during the period. Dimensional Fund Advisors LP’s holdings in Urban Outfitters were worth $38,660,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of URBN. Comerica Bank increased its position in Urban Outfitters by 93.7% in the fourth quarter. Comerica Bank now owns 41,470 shares of the apparel retailer’s stock valued at $1,122,000 after buying an additional 20,058 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in Urban Outfitters during the fourth quarter valued at approximately $344,000. Aberdeen Asset Management PLC UK increased its position in Urban Outfitters by 619.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 78,798 shares of the apparel retailer’s stock valued at $2,245,000 after buying an additional 67,851 shares during the last quarter. Calamos Advisors LLC purchased a new position in Urban Outfitters during the fourth quarter valued at approximately $2,151,000. Finally, Polianta Ltd purchased a new position in Urban Outfitters during the fourth quarter valued at approximately $1,042,000. Institutional investors and hedge funds own 78.05% of the company’s stock.
Urban Outfitters, Inc. (NASDAQ:URBN) opened at 22.94 on Monday. Urban Outfitters, Inc. has a 52 week low of $22.06 and a 52 week high of $40.80. The stock’s 50 day moving average price is $25.59 and its 200-day moving average price is $30.85. The company has a market capitalization of $2.67 billion, a PE ratio of 12.33 and a beta of 0.66.
Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, March 7th. The apparel retailer reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.01. Urban Outfitters had a net margin of 6.42% and a return on equity of 18.88%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm posted $0.61 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that Urban Outfitters, Inc. will post $1.78 earnings per share for the current fiscal year.
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Several equities analysts recently commented on the company. Wedbush reiterated a “neutral” rating and issued a $26.00 price objective on shares of Urban Outfitters in a research note on Tuesday, March 21st. KeyCorp upgraded Urban Outfitters from a “sector weight” rating to an “overweight” rating and set a $28.00 target price on the stock in a research report on Tuesday, March 21st. Mizuho downgraded Urban Outfitters to a “hold” rating in a research report on Saturday, March 11th. Credit Suisse Group AG restated a “hold” rating and set a $28.00 target price on shares of Urban Outfitters in a research report on Sunday, March 12th. Finally, MKM Partners restated a “sell” rating and set a $20.00 target price on shares of Urban Outfitters in a research report on Friday, March 10th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.42.
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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