Tower Bridge Advisors reduced its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,100 shares of the apparel retailer’s stock after selling 4,500 shares during the period. Tower Bridge Advisors’ holdings in Urban Outfitters were worth $982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empirical Finance LLC grew its stake in shares of Urban Outfitters by 45.9% during the third quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock valued at $2,322,000 after acquiring an additional 30,559 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Urban Outfitters by 39.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock valued at $572,000 after acquiring an additional 8,800 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Urban Outfitters by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer’s stock valued at $72,803,000 after acquiring an additional 10,249 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Urban Outfitters by 2.9% during the second quarter. First Trust Advisors LP now owns 370,822 shares of the apparel retailer’s stock valued at $6,875,000 after acquiring an additional 10,503 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Urban Outfitters by 11.0% during the second quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock valued at $2,577,000 after acquiring an additional 13,795 shares in the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.

Urban Outfitters, Inc. (NASDAQ:URBN) traded up $0.43 during midday trading on Monday, reaching $25.40. 2,252,800 shares of the company’s stock traded hands, compared to its average volume of 3,359,917. Urban Outfitters, Inc. has a 12-month low of $16.19 and a 12-month high of $40.80. The stock has a market cap of $2,826.53, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.54 and a beta of 0.62.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $860.80 million. During the same period in the previous year, the company posted $0.66 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. research analysts expect that Urban Outfitters, Inc. will post 1.43 earnings per share for the current year.

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

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Several equities analysts have recently commented on the stock. Bank of America Corporation set a $24.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research report 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 report on Wednesday, August 16th. Jefferies Group LLC set a $25.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Robert W. Baird set a $22.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $22.47.

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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