MRA Advisory Group Buys New Shares in Urban Outfitters, Inc. $URBN

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

A number of other institutional investors have also recently bought and sold shares of URBN. Cetera Investment Advisers grew its holdings in Urban Outfitters by 15.0% in the fourth quarter. Cetera Investment Advisers now owns 15,435 shares of the apparel retailer's stock valued at $847,000 after purchasing an additional 2,009 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Urban Outfitters in the fourth quarter valued at approximately $240,000. Deutsche Bank AG grew its holdings in Urban Outfitters by 280.6% in the fourth quarter. Deutsche Bank AG now owns 140,466 shares of the apparel retailer's stock valued at $7,709,000 after purchasing an additional 103,564 shares during the period. Focus Partners Wealth purchased a new stake in Urban Outfitters during the fourth quarter worth approximately $227,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Urban Outfitters by 2.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,075 shares of the apparel retailer's stock worth $1,980,000 after buying an additional 1,011 shares during the period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on URBN. Citigroup reiterated a "neutral" rating and set a $76.00 price objective (up from $75.00) on shares of Urban Outfitters in a research note on Wednesday, August 20th. JPMorgan Chase & Co. boosted their price objective on shares of Urban Outfitters from $88.00 to $89.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. UBS Group boosted their price objective on shares of Urban Outfitters from $78.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. Barclays reiterated an "overweight" rating and set a $89.00 price objective on shares of Urban Outfitters in a research note on Friday, August 29th. Finally, Jefferies Financial Group upgraded shares of Urban Outfitters from an "underperform" rating to a "hold" rating and boosted their price objective for the stock from $50.00 to $70.00 in a research note on Friday, June 6th. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Urban Outfitters presently has an average rating of "Hold" and an average price target of $81.91.

Urban Outfitters Trading Down 5.6%

Shares of URBN stock opened at $67.71 on Monday. The company has a market capitalization of $6.07 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29. The firm has a fifty day simple moving average of $73.89 and a 200-day simple moving average of $64.03. Urban Outfitters, Inc. has a twelve month low of $34.76 and a twelve month high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.14. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations 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 period in the prior year, the company posted $1.24 earnings per share. Equities research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Transactions at Urban Outfitters

In related news, Director Mary Egan sold 1,000 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total value of $70,120.00. Following the sale, the director directly owned 14,250 shares of the company's stock, valued at $999,210. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 31.80% of the stock is owned by corporate 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.

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