Meeder Asset Management Inc. Grows Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Meeder Asset Management Inc. boosted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 776.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,179 shares of the apparel retailer’s stock after buying an additional 9,018 shares during the quarter. Meeder Asset Management Inc.’s holdings in Urban Outfitters were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of URBN. Marshall Wace LLP lifted its position in shares of Urban Outfitters by 116.3% in the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after acquiring an additional 1,230,771 shares in the last quarter. Woodson Capital Management LP purchased a new stake in shares of Urban Outfitters during the first quarter worth $27,233,000. Vanguard Group Inc. raised its position in shares of Urban Outfitters by 5.0% in the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock valued at $349,736,000 after buying an additional 382,135 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Urban Outfitters by 20.5% in the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after buying an additional 264,708 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Urban Outfitters in the third quarter worth about $7,789,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Trading Down 2.0 %

Shares of NASDAQ URBN opened at $37.62 on Wednesday. The stock has a market capitalization of $3.47 billion, a PE ratio of 11.50, a PEG ratio of 0.92 and a beta of 1.50. Urban Outfitters, Inc. has a twelve month low of $31.37 and a twelve month high of $48.90. The stock has a fifty day simple moving average of $36.96 and a 200-day simple moving average of $40.14.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.24. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. Urban Outfitters’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. On average, equities analysts predict that Urban Outfitters, Inc. will post 3.65 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 31.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. Bank of America cut their price target on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Morgan Stanley cut their target price on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Finally, BMO Capital Markets reduced their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.30.

Urban Outfitters Company Profile

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.