Teachers Advisors LLC Raises Position in Urban Outfitters, Inc. (URBN)

Cornelia Mascio
Mag 3, 2017

During the latest trading session Urban Outfitters, Inc. State Treasurer State of MI now owns 35,900 shares of the apparel retailer's stock valued at $853,000 after buying an additional 7,005 shares during the last quarter.

The stock's price switched up -0.52% 20-Days Simple Moving Average, dropped -5.64% from 50-Days Simple Moving Average and fell -24.24% from 200 Days Simple Moving Average. Finally, Panagora Asset Management Inc. increased its position in shares of Urban Outfitters by 708.6% in the third quarter. First Trust Advisors LP now owns 360,319 shares of the apparel retailer's stock valued at $8,561,000 after buying an additional 103,459 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 86,915 shares of the apparel retailer's stock valued at $3,000,000 after buying an additional 16,779 shares in the last quarter.

Urban Outfitters, Inc. has a 52 week low of $21.83 and a 52 week high of $40.80.

"The company's history of rewarding family members and affiliates of board members suggests that Urban continues to be run as a family business, rather than a $2.6 billion dollar publicly traded company with a large majority of outside investors", the letter reads. Analysts may employ various techniques to help predict future stock price levels. The apparel retailer reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by $0.01. The firm earned $1.03 billion during the quarter, compared to analysts' expectations of $1.04 billion. Urban Outfitters had a net margin of 6.42% and a return on equity of 18.88%. Moving to earnings estimates, for this current fiscal period, Wall Street analysts have projected that the company will post $0.16 earnings per share.

Currently, Urban Outfitters, Inc. has a price to earnings ratio of 12.422. The firm's revenue for the quarter was up 1.7% compared to the same quarter previous year. The company has a market cap of $2.71 billion, a P/E ratio of 12.52 and a beta of 0.66.

TRADEMARK VIOLATION WARNING: "Favorable News Coverage Very Likely to Affect Urban Outfitters (URBN) Share Price" was reported by Markets Daily and is the property of of Markets Daily.

A number of equities research analysts have issued reports on the company. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and global trademark & copyright legislation. Royal Bank of Canada set a $34.00 price target on Urban Outfitters and gave the stock a "hold" rating in a research note on Thursday, January 5th. Instinet lowered their price target on shares of Urban Outfitters from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 8th. Zacks Investment Research downgraded Urban Outfitters from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 24th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have assigned a buy rating to the company.

"As shareholders who follow the retail industry know well, the entire sector is now facing structural headwinds; however, due to the strong leadership of our Board and the diligent efforts of our employees, we believe that [the company] is better positioned to deal with these headwinds than many specialty retail competitors". The current Zacks consensus target price on shares of Home Depot Inc (NYSE:HD) is $157.937. The Company operates through two segments: Retail and Wholesale.

Customers visit Urban Outfitters store in Manhattan, New York, U.S., August 15, 2016.

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