Fmr LLC Has $110.99 Million Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

FMR LLC raised its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,986,454 shares of the apparel retailer’s stock after purchasing an additional 139,356 shares during the period. FMR LLC owned 5.17% of Urban Outfitters worth $110,988,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Urban Outfitters by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer’s stock valued at $72,803,000 after acquiring an additional 10,249 shares in the last quarter. Bank of Nova Scotia acquired a new stake in Urban Outfitters in the 1st quarter valued at approximately $251,000. First Trust Advisors LP grew its holdings in Urban Outfitters by 2.9% in the 2nd quarter. First Trust Advisors LP now owns 370,822 shares of the apparel retailer’s stock valued at $6,875,000 after buying an additional 10,503 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Urban Outfitters by 11.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock valued at $2,577,000 after buying an additional 13,795 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Urban Outfitters by 31.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 81,652 shares of the apparel retailer’s stock worth $1,514,000 after purchasing an additional 19,484 shares in the last quarter. 87.56% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Urban Outfitters, Inc. (NASDAQ URBN) opened at 23.33 on Wednesday. The firm has a market cap of $2.56 billion, a P/E ratio of 15.62 and a beta of 0.63. Urban Outfitters, Inc. has a 12-month low of $16.19 and a 12-month high of $40.80. The company’s 50 day moving average price is $22.64 and its 200 day moving average price is $20.59.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The business had revenue of $873.00 million for 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%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. Equities research analysts forecast that Urban Outfitters, Inc. will post $1.41 EPS for the current year.

Urban Outfitters announced that its Board of Directors has initiated a share repurchase plan on Thursday, August 24th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the apparel retailer to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Several analysts have recently weighed in on the company. Deutsche Bank AG lowered Urban Outfitters from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $23.00 to $19.00 in a report on Tuesday, October 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Urban Outfitters in a research note on Thursday, September 28th. Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday. Royal Bank Of Canada reiterated a “hold” rating and issued a $21.00 price objective on shares of Urban Outfitters in a research report on Monday, September 18th. Finally, BidaskClub upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.39.

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.

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

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