Mutual of America Capital Management LLC increased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 65,809 shares of the apparel retailer’s stock after purchasing an additional 1,514 shares during the period. Mutual of America Capital Management LLC’s holdings in Urban Outfitters were worth $2,307,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in URBN. Senvest Management LLC purchased a new position in shares of Urban Outfitters during the third quarter valued at $36,629,000. Dimensional Fund Advisors LP increased its stake in shares of Urban Outfitters by 84.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,199,015 shares of the apparel retailer’s stock valued at $59,310,000 after buying an additional 1,462,130 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Urban Outfitters by 59.2% during the second quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock valued at $33,928,000 after buying an additional 680,511 shares during the period. Majedie Asset Management Ltd purchased a new position in shares of Urban Outfitters during the third quarter valued at $11,960,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Urban Outfitters by 7.8% during the third quarter. Bank of New York Mellon Corp now owns 4,234,875 shares of the apparel retailer’s stock valued at $101,215,000 after buying an additional 308,063 shares during the period. Hedge funds and other institutional investors own 84.51% of the company’s stock.

Shares of Urban Outfitters, Inc. (URBN) opened at $34.23 on Monday. The firm has a market capitalization of $3,705.33, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.50 and a beta of 0.62. Urban Outfitters, Inc. has a twelve month low of $16.19 and a twelve month high of $36.10.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.08. The business had revenue of $892.77 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. research analysts anticipate that Urban Outfitters, Inc. will post 1.57 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the company. B. Riley restated a “neutral” rating on shares of Urban Outfitters in a research note on Wednesday, November 1st. Wolfe Research upgraded Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research note on Wednesday, November 15th. SunTrust Banks set a $35.00 target price on Urban Outfitters and gave the company a “buy” rating in a research note on Monday, December 11th. JPMorgan Chase & Co. upgraded Urban Outfitters from a “neutral” rating to an “overweight” rating in a research note on Tuesday, November 21st. Finally, KeyCorp lifted their target price on Urban Outfitters to $3.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have assigned a buy rating to the stock. Urban Outfitters has an average rating of “Hold” and an average price target of $26.62.

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Urban Outfitters Profile

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.

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

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