Monday, August 3, 2015

Urban Outfitters to buy back 10 million shares

Urban Outfitters. (Bloomberg News)
Urban Outfitters. (Bloomberg News)

Urban Outfitters Inc. announced Tuesday that its board of directors authorized the repurchase of 10 million common shares.

Under the plan, the Philadelphia retailer can use its discretion in timing the repurchase.

The board in August, 2013, approved a similar repurchase program for 10 million shares. The company said all of those shares have been repurchased.

Shares had closed up 5 cents, at $32.59, before the announcement, and rose again in after-hours trading. - Chris Hepp

We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy: comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
comments powered by Disqus
Also on
letter icon Newsletter