Accident Compensation Corp Sells 7,100 Shares of Urban Outfitters, Inc. (URBN)

Accident Compensation Corp trimmed its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 17.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,200 shares of the apparel retailer’s stock after selling 7,100 shares during the quarter. Accident Compensation Corp’s holdings in Urban Outfitters were worth $817,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in URBN. Oppenheimer Asset Management Inc. lifted its stake in shares of Urban Outfitters by 0.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after acquiring an additional 43 shares during the period. Advisor Group Inc. increased its holdings in shares of Urban Outfitters by 1.1% during the second quarter. Advisor Group Inc. now owns 32,251 shares of the apparel retailer’s stock valued at $595,000 after acquiring an additional 338 shares in the last quarter. Empirical Finance LLC increased its holdings in shares of Urban Outfitters by 0.5% during the second quarter. Empirical Finance LLC now owns 66,575 shares of the apparel retailer’s stock valued at $1,235,000 after acquiring an additional 360 shares in the last quarter. Capstone Asset Management Co. increased its holdings in shares of Urban Outfitters by 2.5% during the second quarter. Capstone Asset Management Co. now owns 15,738 shares of the apparel retailer’s stock valued at $292,000 after acquiring an additional 380 shares in the last quarter. Finally, State Treasurer State of Michigan increased its holdings in shares of Urban Outfitters by 1.4% during the second quarter. State Treasurer State of Michigan now owns 36,400 shares of the apparel retailer’s stock valued at $675,000 after acquiring an additional 500 shares in the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters, Inc. (URBN) opened at $32.64 on Thursday. The firm has a market capitalization of $3,570.00, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.80 and a beta of 0.73. Urban Outfitters, Inc. has a one year low of $16.19 and a one year high of $35.55.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The business had revenue of $892.77 million for the quarter, compared to analyst estimates of $860.64 million. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. equities analysts forecast that Urban Outfitters, Inc. will post 1.55 EPS for the current year.

Urban Outfitters declared that its Board of Directors has authorized a share repurchase program on Thursday, August 24th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to purchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Several equities research analysts recently issued reports on the company. Robert W. Baird reiterated a “buy” rating and set a $24.00 price target on shares of Urban Outfitters in a report on Wednesday, November 1st. BMO Capital Markets set a $20.00 price target on Urban Outfitters and gave the stock a “hold” rating in a report on Monday, September 11th. Royal Bank Of Canada reiterated a “hold” rating and set a $21.00 price target on shares of Urban Outfitters in a report on Monday, September 18th. BidaskClub upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.20.

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About Urban Outfitters

Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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