Mutual of America Capital Management LLC Decreases Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Mutual of America Capital Management LLC cut its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 8.1% during the third quarter, HoldingsChannel.com reports. The fund owned 8,569 shares of the apparel retailer’s stock after selling 753 shares during the period. Mutual of America Capital Management LLC’s holdings in Urban Outfitters were worth $328,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of URBN. QRG Capital Management Inc. raised its position in Urban Outfitters by 2.4% in the second quarter. QRG Capital Management Inc. now owns 9,327 shares of the apparel retailer’s stock valued at $383,000 after purchasing an additional 221 shares during the period. Evergreen Capital Management LLC boosted its position in Urban Outfitters by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock valued at $384,000 after buying an additional 258 shares during the period. Signaturefd LLC grew its stake in shares of Urban Outfitters by 15.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock worth $92,000 after acquiring an additional 299 shares in the last quarter. Blue Trust Inc. increased its position in shares of Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Urban Outfitters by 2.4% in the second quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock valued at $697,000 after acquiring an additional 401 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on URBN. Barclays boosted their target price on Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Financial Group reduced their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Bank of America boosted their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.27.

Urban Outfitters Trading Up 18.3 %

URBN stock opened at $47.49 on Friday. The company has a market capitalization of $4.38 billion, a P/E ratio of 13.61, a PEG ratio of 0.95 and a beta of 1.50. The business has a 50 day simple moving average of $37.44 and a 200-day simple moving average of $40.11. Urban Outfitters, Inc. has a twelve month low of $33.17 and a twelve month high of $48.90.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.28. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. Research analysts predict that Urban Outfitters, Inc. will post 3.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 31.80% of the stock is owned by insiders.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. 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 apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.