Invictus RG purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,069 shares of the apparel retailer’s stock, valued at approximately $241,000.

Several other large investors have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. lifted its stake in Urban Outfitters by 2.5% during the 2nd quarter. Capstone Asset Management Co. now owns 15,738 shares of the apparel retailer’s stock valued at $292,000 after acquiring an additional 380 shares during the period. Louisiana State Employees Retirement System lifted its stake in Urban Outfitters by 3.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 23,100 shares of the apparel retailer’s stock valued at $428,000 after acquiring an additional 800 shares during the period. Aperio Group LLC acquired a new stake in Urban Outfitters during the 2nd quarter valued at approximately $370,000. State Treasurer State of Michigan lifted its stake in Urban Outfitters by 1.4% during the 2nd quarter. State Treasurer State of Michigan now owns 36,400 shares of the apparel retailer’s stock valued at $675,000 after acquiring an additional 500 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in Urban Outfitters by 11.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock valued at $2,577,000 after acquiring an additional 13,795 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

Urban Outfitters, Inc. (NASDAQ:URBN) opened at $32.53 on Friday. The firm has a market cap of $3,533.23, a PE ratio of 21.33, a PEG ratio of 1.75 and a beta of 0.73. Urban Outfitters, Inc. has a 1 year low of $16.19 and a 1 year high of $35.55.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. The firm had revenue of $892.77 million for the quarter, compared to analysts’ expectations of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. research analysts anticipate that Urban Outfitters, Inc. will post 1.55 earnings per share for the current year.

Urban Outfitters declared that its board has approved a share buyback 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 reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Several analysts have commented on URBN shares. Deutsche Bank restated a “hold” rating and set a $18.00 price objective (down from $19.00) on shares of Urban Outfitters in a research note on Friday, August 11th. Oppenheimer reaffirmed a “hold” rating on shares of Urban Outfitters in a report on Tuesday, August 15th. FBR & Co cut their target price on shares of Urban Outfitters from $24.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, August 15th. Royal Bank Of Canada lifted their target price on shares of Urban Outfitters from $17.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, August 16th. Finally, KeyCorp lifted their target price on shares of Urban Outfitters to $3.00 and gave the company an “overweight” rating in a report on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.20.

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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.

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

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