Meeder Asset Management Inc. Grows Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Meeder Asset Management Inc. boosted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 776.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,179 shares of the apparel retailer’s stock after purchasing an additional 9,018 shares during the quarter. Meeder Asset Management Inc.’s holdings in Urban Outfitters were worth $390,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Urban Outfitters by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock valued at $349,736,000 after acquiring an additional 382,135 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Urban Outfitters by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after buying an additional 1,230,771 shares in the last quarter. American Century Companies Inc. grew its position in shares of Urban Outfitters by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after buying an additional 264,708 shares during the last quarter. Systematic Financial Management LP raised its stake in Urban Outfitters by 0.4% during the 2nd quarter. Systematic Financial Management LP now owns 684,133 shares of the apparel retailer’s stock worth $28,084,000 after acquiring an additional 2,674 shares in the last quarter. Finally, Woodson Capital Management LP acquired a new stake in Urban Outfitters during the 1st quarter worth $27,233,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 31.80% of the company’s stock.

Urban Outfitters Stock Down 2.0 %

Shares of Urban Outfitters stock opened at $37.62 on Wednesday. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 0.92 and a beta of 1.50. Urban Outfitters, Inc. has a 52-week low of $31.37 and a 52-week high of $48.90. The company’s 50-day simple moving average is $36.96 and its 200-day simple moving average is $40.14.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.24. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. Equities research analysts anticipate that Urban Outfitters, Inc. will post 3.65 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on URBN. Wells Fargo & Company dropped their price objective on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Morgan Stanley reduced their price objective on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. BMO Capital Markets lowered their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. Barclays reduced their price target on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. Finally, StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $42.30.

About Urban Outfitters

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.