Piermont Capital Management Inc. held its position in Urban Outfitters, Inc. (NASDAQ:URBN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,680 shares of the apparel retailer’s stock at the close of the 2nd quarter. Piermont Capital Management Inc.’s holdings in Urban Outfitters were worth $439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its position in Urban Outfitters by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after purchasing an additional 43 shares in the last quarter. Miles Capital Inc. increased its position in Urban Outfitters by 0.8% during the 1st quarter. Miles Capital Inc. now owns 8,470 shares of the apparel retailer’s stock worth $201,000 after purchasing an additional 70 shares in the last quarter. Meeder Asset Management Inc. increased its position in Urban Outfitters by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 27,028 shares of the apparel retailer’s stock worth $501,000 after purchasing an additional 154 shares in the last quarter. Empirical Finance LLC increased its position in Urban Outfitters by 0.5% during the 2nd quarter. Empirical Finance LLC now owns 66,575 shares of the apparel retailer’s stock worth $1,235,000 after purchasing an additional 360 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in Urban Outfitters by 2.5% during the 2nd quarter. Capstone Asset Management Co. now owns 15,738 shares of the apparel retailer’s stock worth $292,000 after purchasing an additional 380 shares in the last quarter. 87.58% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters, Inc. (NASDAQ:URBN) opened at 24.43 on Thursday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 13.13 and a beta of 0.59. The company has a 50 day moving average price of $20.29 and a 200-day moving average price of $20.67. Urban Outfitters, Inc. has a 52-week low of $16.19 and a 52-week high of $40.80.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, August 15th. The apparel retailer reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. The business had revenue of $873.00 million during the quarter, compared to the consensus estimate of $860.80 million. Urban Outfitters had a return on equity of 13.61% and a net margin of 4.92%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 earnings per share. Equities research analysts anticipate that Urban Outfitters, Inc. will post $1.41 EPS for the current year.

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

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URBN has been the subject of several recent research reports. Royal Bank Of Canada set a $17.00 price objective on shares of Urban Outfitters and gave the company a “hold” rating in a research report on Monday, July 17th. BidaskClub raised shares of Urban Outfitters from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Morgan Stanley increased their price objective on shares of Urban Outfitters from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 16th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $16.00 price objective (down previously from $18.00) on shares of Urban Outfitters in a research report on Friday, June 9th. Finally, Telsey Advisory Group lowered their price objective on shares of Urban Outfitters from $26.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.20.

Urban Outfitters Company 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.

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

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