7,227 Shares in Urban Outfitters, Inc. $URBN Purchased by MRA Advisory Group

Key Points

• MRA Advisory Group has purchased a new stake in Urban Outfitters, acquiring 7,227 shares valued at approximately $524,000 in the second quarter.
• Several analysts have raised their price targets for URBN, with JPMorgan Chase setting a target of $89.00 and Citigroup raising their target to $76.00, indicating positive sentiment toward the stock.
• URBN reported earnings of $1.58 per share for the latest quarter, surpassing analysts' expectations and representing a year-over-year revenue increase of 11.3%.

MRA Advisory Group purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,227 shares of the apparel retailer's stock, valued at approximately $524,000.

A number of other institutional investors also recently modified their holdings of URBN. Nuveen LLC bought a new position in Urban Outfitters during the first quarter worth $43,769,000. Wedge Capital Management L L P NC bought a new stake in Urban Outfitters in the 1st quarter valued at $40,544,000. Boston Partners bought a new stake in Urban Outfitters in the 1st quarter valued at $18,380,000. Voloridge Investment Management LLC bought a new stake in Urban Outfitters in the 4th quarter valued at $18,513,000. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Urban Outfitters by 27.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock valued at $73,212,000 after buying an additional 302,444 shares during the period. Institutional investors own 77.61% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Glj Research reissued a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. UBS Group boosted their price target on shares of Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, September 2nd. Wall Street Zen lowered shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Citigroup restated a "neutral" rating and issued a $76.00 target price (up previously from $75.00) on shares of Urban Outfitters in a research note on Wednesday, August 20th. Finally, Bank of America boosted their target price on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Urban Outfitters has an average rating of "Hold" and a consensus price target of $81.91.

Urban Outfitters Trading Down 1.3%

NASDAQ URBN traded down $0.96 on Friday, hitting $70.62. 502,857 shares of the company were exchanged, compared to its average volume of 2,133,298. The firm has a 50 day moving average of $73.86 and a two-hundred day moving average of $64.30. The company has a market cap of $6.33 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.11 and a beta of 1.29. Urban Outfitters, Inc. has a 1-year low of $34.76 and a 1-year high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.14. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS. Research analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In related news, Director Mary Egan sold 1,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director owned 14,250 shares in the company, valued at $999,210. This represents a 6.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 31.60% of the stock is currently owned by company insiders.

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.