Prudential Financial Inc. trimmed its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 22.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 352,664 shares of the apparel retailer’s stock after selling 100,540 shares during the quarter. Prudential Financial Inc. owned 0.32% of Urban Outfitters worth $8,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of URBN. Empirical Finance LLC increased its holdings in Urban Outfitters by 45.9% in the third quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock worth $2,322,000 after buying an additional 30,559 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Urban Outfitters in the third quarter worth approximately $394,000. Peregrine Capital Management LLC increased its holdings in Urban Outfitters by 2.1% in the third quarter. Peregrine Capital Management LLC now owns 289,643 shares of the apparel retailer’s stock worth $6,922,000 after buying an additional 5,871 shares during the last quarter. Aperio Group LLC increased its holdings in Urban Outfitters by 41.5% in the third quarter. Aperio Group LLC now owns 28,240 shares of the apparel retailer’s stock worth $675,000 after buying an additional 8,286 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Urban Outfitters by 26.4% in the third quarter. First Trust Advisors LP now owns 468,846 shares of the apparel retailer’s stock worth $11,205,000 after buying an additional 98,024 shares during the last quarter. 87.35% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the company. Robert W. Baird restated a “buy” rating on shares of Urban Outfitters in a report on Friday. Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a report on Thursday. Alere Financial restated a “neutral” rating and issued a $24.00 price objective (up previously from $19.00) on shares of Urban Outfitters in a report on Wednesday. B. Riley increased their price objective on Urban Outfitters from $19.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, SunTrust Banks, Inc. increased their price objective on Urban Outfitters to $30.00 and gave the stock a “positive” rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $24.20.

Shares of Urban Outfitters, Inc. (URBN) opened at $30.16 on Friday. The stock has a market cap of $3,225.80, a price-to-earnings ratio of 19.48, a PEG ratio of 1.67 and a beta of 0.62. Urban Outfitters, Inc. has a 52 week low of $16.19 and a 52 week high of $35.55.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. The business had revenue of $892.77 million for the quarter, compared to the consensus estimate of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. Urban Outfitters’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. equities research analysts forecast that Urban Outfitters, Inc. will post 1.55 earnings per share for the current fiscal year.

Urban Outfitters declared that its Board of Directors has approved a stock repurchase program on Thursday, August 24th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the apparel retailer to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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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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