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

Mutual of America Capital Management LLC trimmed its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,569 shares of the apparel retailer’s stock after selling 753 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Urban Outfitters were worth $328,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its position in shares of Urban Outfitters by 287.4% during the second quarter. Harbor Capital Advisors Inc. now owns 46,300 shares of the apparel retailer’s stock valued at $1,901,000 after buying an additional 34,350 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Urban Outfitters by 5.6% during the second quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer’s stock valued at $412,000 after acquiring an additional 531 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in shares of Urban Outfitters during the second quarter valued at about $582,000. Aigen Investment Management LP acquired a new position in shares of Urban Outfitters during the third quarter valued at about $2,143,000. Finally, Panagora Asset Management Inc. increased its holdings in shares of Urban Outfitters by 27.0% during the second quarter. Panagora Asset Management Inc. now owns 420,930 shares of the apparel retailer’s stock valued at $17,279,000 after acquiring an additional 89,411 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 31.80% of the company’s stock.

Urban Outfitters Stock Performance

URBN opened at $47.49 on Friday. The company has a fifty day moving average of $37.44 and a two-hundred day moving average of $40.11. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 0.95 and a beta of 1.50. Urban Outfitters, Inc. has a fifty-two week low of $33.17 and a fifty-two week high of $48.90.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.28. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. On average, equities research analysts forecast that Urban Outfitters, Inc. will post 3.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

URBN has been the topic of several recent analyst reports. Barclays upped their price objective on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday. BMO Capital Markets cut their price objective on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a report on Thursday, August 22nd. Bank of America upped their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price objective for the company from $42.00 to $59.00 in a report on Wednesday. Finally, Morgan Stanley increased their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday. One 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 stock. Based on data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Hold” and an average price target of $46.27.

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.