Economy

Legal & General Group Plc Acquires 8231 Shares of Urban Outfitters, Inc. (URBN)

(NASDAQ:URBN) rating on Monday, September 18. During last 3 month period, 1.12% of total institutional ownership has changed in the company shares. Amazon.com, Inc. (NASDAQ:AMZN) recently traded as high as $971.7.

A number of other large investors have also modified their holdings of the stock. First Trust Advisors LP now owns 370,822 shares of the apparel retailer's stock worth $6,875,000 after buying an additional 10,503 shares during the last quarter.

Urban Outfitters declared that its board has approved a share buyback plan on Thursday, August 24th that authorizes the company to buyback $20.00 million in outstanding shares. BNP Paribas Arbitrage SA now owns 81,652 shares of the apparel retailer's stock worth $1,514,000 after buying an additional 19,484 shares during the last quarter. RBC Capital Markets maintained Urban Outfitters, Inc. Zacks' sales averages are an average based on a survey of sell-side research analysts that cover Urban Outfitters. URBN's profit will be $36.28 million for 17.23 P/E if the $0.33 EPS becomes a reality. Finally, BNP Paribas Arbitrage SA grew its position in Urban Outfitters by 31.3% in the second quarter. Texas Permanent School Fund now owns 64,527 shares of the apparel retailer's stock worth $1,196,000 after purchasing an additional 570 shares during the period. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. The insider now holds 198,338 shares of Urban Outfitters, Inc.

August 15 investment analysts at FBR Capital kept the company rating at "Neutral" and lowered the price target to $16.00 from $29.00. The stock's 50 day moving average is $20.29 and its 200-day moving average is $20.67.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.07. The firm had revenue of $873.00 million during the quarter, compared to analysts' expectations of $860.80 million. The Gross Margin Score of Urban Outfitters, Inc. It last reported revenues of $872.93 million and EPS of $0.44 for the July 2017, representing -2% top-line growth and 0.66 EPS growth. In the previous year there have been a total of 3 insider trades, including 0 open market buys and 3 sells. This buyback authorization permits the apparel retailer to reacquire up to 0.9% of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Checking in on some valuation rankings, Urban Outfitters, Inc. "(URBN)" was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another website, it was stolen and reposted in violation of USA and global copyright & trademark legislation. The correct version of this report can be read at https://www.dispatchtribunal.com/2017/09/24/legal-general-group-plc-acquires-8231-shares-of-urban-outfitters-inc-urbn.html. After a recent check, it is observed that the insiders for the firm now own 16.00% shares. The company presently has an average rating of Hold and an average price target of $22.20. The stock exchanged hands with 2,257,744 numbers of shares compared to its average daily volume of 3.95M shares. The other 9, though not evenly; between analysts who think you should buy Urban Outfitters, Inc. versus those who think you should sell it. On average, analysts forecast that Urban Outfitters, Inc. will post $1.41 earnings per share for the current fiscal year. The rating was maintained by Wunderlich with "Hold" on Tuesday, November 17.

The most recent non open market insider trade was completed by MCCREIGHT DAVID W. on 08/28/2017, and was a disposition of 48,981 shares with a final price of $21.19.

Shares of Urban Outfitters, Inc. The Firm operates through two divisions: 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 clients through retail stores, Websites, mobile applications, catalogs and customer contact centers.



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