LS Investment Advisors LLC boosted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 12.5% during the second quarter, Holdings Channel reports. The fund owned 9,488 shares of the apparel retailer’s stock after buying an additional 1,052 shares during the period. LS Investment Advisors LLC’s holdings in Urban Outfitters were worth $176,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its stake in shares of Urban Outfitters by 14.2% in the first quarter. Canada Pension Plan Investment Board now owns 208,762 shares of the apparel retailer’s stock valued at $4,960,000 after buying an additional 26,000 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Urban Outfitters by 337.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 40,824 shares of the apparel retailer’s stock valued at $970,000 after buying an additional 31,500 shares during the last quarter. Strs Ohio purchased a new stake in shares of Urban Outfitters during the first quarter valued at $4,158,000. Janney Montgomery Scott LLC boosted its stake in shares of Urban Outfitters by 58.7% in the first quarter. Janney Montgomery Scott LLC now owns 14,549 shares of the apparel retailer’s stock valued at $346,000 after buying an additional 5,381 shares during the last quarter. Finally, Glen Harbor Capital Management LLC boosted its stake in shares of Urban Outfitters by 16.0% in the first quarter. Glen Harbor Capital Management LLC now owns 168,272 shares of the apparel retailer’s stock valued at $3,998,000 after buying an additional 23,184 shares during the last quarter. 82.82% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters, Inc. (URBN) traded down 2.80% during trading on Wednesday, hitting $18.39. 1,963,270 shares of the company were exchanged. The stock has a market capitalization of $2.13 billion, a PE ratio of 10.74 and a beta of 0.66. The firm’s 50 day moving average price is $18.35 and its 200-day moving average price is $22.13. Urban Outfitters, Inc. has a 1-year low of $16.19 and a 1-year high of $40.80.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Urban Outfitters had a return on equity of 15.88% and a net margin of 5.66%. The business had revenue of $761.20 million during the quarter, compared to analyst estimates of $768.95 million. During the same quarter last year, the company posted $0.25 EPS. Urban Outfitters’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts predict that Urban Outfitters, Inc. will post $1.40 EPS for the current year.

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Several brokerages have weighed in on URBN. Wolfe Research cut shares of Urban Outfitters from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, May 9th. Zacks Investment Research raised shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Royal Bank Of Canada set a $22.00 price target on shares of Urban Outfitters and gave the company a “hold” rating in a research report on Monday, May 15th. Deutsche Bank AG reissued a “hold” rating and set a $25.00 price target (up previously from $24.00) on shares of Urban Outfitters in a research report on Monday, May 15th. Finally, Bank of America Corporation reissued a “buy” rating and set a $25.00 price target (down previously from $30.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have assigned a buy rating to the stock. Urban Outfitters has an average rating of “Hold” and an average target price of $25.53.

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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