Schroder Investment Management Group decreased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 27.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 429,100 shares of the apparel retailer’s stock after selling 164,100 shares during the period. Schroder Investment Management Group owned 0.37% of Urban Outfitters worth $7,912,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Nova Scotia purchased a new position in shares of Urban Outfitters during the first quarter valued at approximately $251,000. Robecosam AG lifted its stake in shares of Urban Outfitters by 22.0% during the first quarter. Robecosam AG now owns 6,100 shares of the apparel retailer’s stock valued at $149,000 after buying an additional 1,100 shares during the period. LS Investment Advisors LLC lifted its stake in shares of Urban Outfitters by 117.7% during the first quarter. LS Investment Advisors LLC now owns 8,436 shares of the apparel retailer’s stock valued at $200,000 after buying an additional 4,561 shares during the period. Miles Capital Inc. lifted its stake in shares of Urban Outfitters by 0.8% during the first quarter. Miles Capital Inc. now owns 8,470 shares of the apparel retailer’s stock valued at $201,000 after buying an additional 70 shares during the period. Finally, Pacad Investment Ltd. purchased a new position in shares of Urban Outfitters during the second quarter valued at approximately $191,000. 87.58% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on URBN. ValuEngine downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada upped their price objective on shares of Urban Outfitters from $17.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 16th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, August 16th. KeyCorp set a $26.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $18.00 price target (down previously from $19.00) on shares of Urban Outfitters in a research note on Friday, August 11th. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have assigned a buy rating to the company. Urban Outfitters has a consensus rating of “Hold” and an average price target of $22.20.

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) opened at 22.76 on Monday. The company has a 50-day moving average of $20.09 and a 200 day moving average of $20.80. The company has a market capitalization of $2.50 billion, a P/E ratio of 15.23 and a beta of 0.59. Urban Outfitters, Inc. has a 12 month low of $16.19 and a 12 month high of $40.80.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Urban Outfitters had a net margin of 4.92% and a return on equity of 13.61%. The company had revenue of $873.00 million for the quarter, compared to the consensus estimate of $860.80 million. During the same quarter in the previous year, the company earned $0.66 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts forecast that Urban Outfitters, Inc. will post $1.41 EPS for the current year.

Urban Outfitters announced that its Board of Directors has approved a stock buyback plan on Thursday, August 24th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the apparel retailer to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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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.

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

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