Skylands Capital LLC Increases Position in Urban Outfitters, Inc. (URBN)

Skylands Capital LLC boosted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 84.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,100 shares of the apparel retailer’s stock after buying an additional 75,000 shares during the period. Skylands Capital LLC owned about 0.14% of Urban Outfitters worth $3,042,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its stake in shares of Urban Outfitters by 58.7% in the first quarter. Janney Montgomery Scott LLC now owns 14,549 shares of the apparel retailer’s stock worth $346,000 after buying an additional 5,381 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Urban Outfitters by 16.0% in the first quarter. Glen Harbor Capital Management LLC now owns 168,272 shares of the apparel retailer’s stock worth $3,998,000 after buying an additional 23,184 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Urban Outfitters by 5.5% in the first quarter. ProShare Advisors LLC now owns 16,738 shares of the apparel retailer’s stock worth $398,000 after buying an additional 871 shares during the last quarter. Profund Advisors LLC acquired a new stake in shares of Urban Outfitters during the first quarter worth $300,000. Finally, Retirement Systems of Alabama raised its stake in shares of Urban Outfitters by 172.4% in the first quarter. Retirement Systems of Alabama now owns 114,045 shares of the apparel retailer’s stock worth $2,710,000 after buying an additional 72,174 shares during the last quarter. Hedge funds and other institutional investors own 82.82% of the company’s stock.

Urban Outfitters, Inc. (NASDAQ URBN) opened at 18.30 on Thursday. Urban Outfitters, Inc. has a 52 week low of $16.19 and a 52 week high of $40.80. The stock has a market capitalization of $2.12 billion, a P/E ratio of 10.68 and a beta of 0.66. The firm has a 50 day moving average price of $18.41 and a 200 day moving average price of $21.93.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $761.20 million for the quarter, compared to the consensus estimate of $768.95 million. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.88%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. Equities research analysts predict that Urban Outfitters, Inc. will post $1.40 earnings per share for the current year.

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A number of brokerages have recently weighed in on URBN. FBR & Co restated a “hold” rating and set a $24.00 price target (down previously from $28.00) on shares of Urban Outfitters in a research note on Wednesday, May 17th. MKM Partners reiterated a “sell” rating and issued a $16.00 target price (down previously from $19.00) on shares of Urban Outfitters in a research report on Monday, June 12th. Zacks Investment Research downgraded Urban Outfitters from a “hold” rating to a “strong sell” rating in a report on Friday, May 19th. Wunderlich set a $20.00 price target on Urban Outfitters and gave the company a “hold” rating in a report on Wednesday, May 17th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $19.00 price target (down from $27.00) on shares of Urban Outfitters in a report on Friday, May 19th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have given a buy rating to the stock. Urban Outfitters has an average rating of “Hold” and an average price target of $25.53.

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.