The Manufacturers Life Insurance Company raised its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,529 shares of the apparel retailer’s stock after buying an additional 2,514 shares during the period. The Manufacturers Life Insurance Company owned 0.12% of Urban Outfitters worth $2,494,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in URBN. BlackRock Inc. lifted its position in shares of Urban Outfitters by 9,872.9% during the first quarter. BlackRock Inc. now owns 13,405,864 shares of the apparel retailer’s stock worth $318,523,000 after purchasing an additional 13,271,441 shares in the last quarter. Shapiro Capital Management LLC lifted its holdings in Urban Outfitters by 586.5% in the second quarter. Shapiro Capital Management LLC now owns 8,827,740 shares of the apparel retailer’s stock valued at $163,666,000 after buying an additional 7,541,840 shares during the period. FMR LLC lifted its holdings in Urban Outfitters by 2.4% in the second quarter. FMR LLC now owns 5,986,454 shares of the apparel retailer’s stock valued at $110,988,000 after buying an additional 139,356 shares during the period. Bank of New York Mellon Corp lifted its holdings in Urban Outfitters by 0.3% in the second 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 buying an additional 10,249 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Urban Outfitters by 84.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,199,015 shares of the apparel retailer’s stock valued at $59,310,000 after purchasing an additional 1,462,130 shares in the last quarter. Hedge funds and other institutional investors own 87.73% of the company’s stock.

Shares of Urban Outfitters, Inc. (URBN) opened at $24.72 on Friday. Urban Outfitters, Inc. has a one year low of $16.19 and a one year high of $40.80. The stock has a market cap of $2,750.87, a price-to-earnings ratio of 16.26, a PEG ratio of 1.49 and a beta of 0.62.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Urban Outfitters had a net margin of 4.92% and a return on equity of 13.61%. The firm had revenue of $873.00 million during the quarter, compared to analyst estimates of $860.80 million. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. equities analysts expect that Urban Outfitters, Inc. will post 1.45 earnings per share for the current year.

Urban Outfitters declared that its Board of Directors has authorized a share buyback program 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 shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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Several equities research analysts have recently issued reports on URBN shares. Royal Bank Of Canada set a $17.00 price objective on shares of Urban Outfitters and gave the stock a “hold” rating in a research report on Monday, July 17th. BidaskClub raised shares of Urban Outfitters from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of 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, October 17th. Morgan Stanley raised their target price on shares of Urban Outfitters from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 16th. Finally, Bank of America Corporation set a $24.00 price target on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the stock. Urban Outfitters has a consensus rating of “Hold” and an average target price of $22.47.

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.

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

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