Petrus Trust Company LTA increased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 17.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,000 shares of the apparel retailer’s stock after buying an additional 20,000 shares during the period. Petrus Trust Company LTA owned 0.12% of Urban Outfitters worth $2,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of URBN. LS Investment Advisors LLC raised its stake in shares of Urban Outfitters by 12.5% during the second quarter. LS Investment Advisors LLC now owns 9,488 shares of the apparel retailer’s stock worth $176,000 after buying an additional 1,052 shares during the last quarter. Pacad Investment Ltd. bought a new stake in shares of Urban Outfitters during the second quarter worth approximately $191,000. BT Investment Management Ltd bought a new stake in shares of Urban Outfitters during the second quarter worth approximately $196,000. Oppenheimer Asset Management Inc. raised its stake in shares of Urban Outfitters by 0.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after buying an additional 43 shares during the last quarter. Finally, Miles Capital Inc. raised 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 worth $201,000 after buying an additional 70 shares during the last quarter. 87.58% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on URBN. MKM Partners set a $16.00 price target on shares of Urban Outfitters and gave the stock a “sell” rating in a research note on Wednesday, August 16th. Jefferies Group LLC reissued a “buy” rating and set a $25.00 price target on shares of Urban Outfitters in a research note on Thursday. BMO Capital Markets set a $20.00 price target on shares of Urban Outfitters and gave the stock a “hold” rating in a research note on Tuesday, August 8th. 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, SunTrust Banks, Inc. reissued a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.20.

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Shares of Urban Outfitters, Inc. (NASDAQ:URBN) traded down 1.56% during mid-day trading on Thursday, reaching $24.05. 605,525 shares of the company’s stock were exchanged. The company has a market cap of $2.80 billion, a PE ratio of 12.93 and a beta of 0.59. Urban Outfitters, Inc. has a 52-week low of $16.19 and a 52-week high of $40.80. The company’s 50-day moving average price is $20.29 and its 200 day moving average price is $20.67.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $873.00 million during the quarter, compared to analyst estimates of $860.80 million. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts predict that Urban Outfitters, Inc. will post $1.41 EPS for the current year.

Urban Outfitters announced that its board has initiated a stock buyback program on Thursday, August 24th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the apparel retailer to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.

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

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