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Comerica Bank Has $1.19 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Comerica Bank increased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,244 shares of the apparel retailer’s stock after acquiring an additional 593 shares during the period. Comerica Bank’s holdings in Urban Outfitters were worth $1,189,000 at the end of the most recent reporting period.

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Several other hedge funds have also recently added to or reduced their stakes in URBN. First Quadrant L P CA increased its stake in Urban Outfitters by 807.6% during the 2nd quarter. First Quadrant L P CA now owns 24,914 shares of the apparel retailer’s stock valued at $567,000 after buying an additional 22,169 shares during the period. Paloma Partners Management Co acquired a new position in Urban Outfitters during the 2nd quarter valued at about $1,454,000. Point72 Asset Management L.P. increased its stake in Urban Outfitters by 5.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 34,491 shares of the apparel retailer’s stock valued at $785,000 after buying an additional 1,890 shares during the period. 1492 Capital Management LLC acquired a new position in Urban Outfitters during the 2nd quarter valued at about $446,000. Finally, Bank of America Corp DE increased its stake in Urban Outfitters by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 422,126 shares of the apparel retailer’s stock valued at $9,604,000 after buying an additional 7,562 shares during the period. 74.38% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. Deutsche Bank lowered their target price on shares of Urban Outfitters from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, November 20th. Wedbush raised their target price on shares of Urban Outfitters from $20.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. BidaskClub cut shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Thursday. ValuEngine lowered shares of Urban Outfitters from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Co upgraded shares of Urban Outfitters from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $25.00 to $30.00 in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $29.26.

Shares of URBN traded down $0.12 during midday trading on Monday, hitting $25.41. The stock had a trading volume of 6,689 shares, compared to its average volume of 3,472,805. Urban Outfitters, Inc. has a fifty-two week low of $19.63 and a fifty-two week high of $39.54. The business has a 50-day simple moving average of $28.61 and a two-hundred day simple moving average of $25.07. The firm has a market cap of $2.46 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 1.11 and a beta of 0.77. The company has a current ratio of 1.57, a quick ratio of 0.89 and a debt-to-equity ratio of 0.78.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, November 19th. The apparel retailer reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01). Urban Outfitters had a return on equity of 16.67% and a net margin of 5.96%. The firm had revenue of $987.47 million during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business earned $0.70 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, analysts expect that Urban Outfitters, Inc. will post 2.19 earnings per share for the current fiscal year.

Urban Outfitters Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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 casual 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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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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