Teachers Advisors LLC decreased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 81.6% during the first quarter, Holdings Channel reports. The firm owned 123,917 shares of the apparel retailer’s stock after selling 549,398 shares during the period. Teachers Advisors LLC’s holdings in Urban Outfitters were worth $2,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Robecosam AG raised its position in shares of Urban Outfitters by 22.0% in the first quarter. Robecosam AG now owns 6,100 shares of the apparel retailer’s stock worth $149,000 after buying an additional 1,100 shares during the period. LS Investment Advisors LLC raised its position in shares of Urban Outfitters by 117.7% in the first quarter. LS Investment Advisors LLC now owns 8,436 shares of the apparel retailer’s stock worth $200,000 after buying an additional 4,561 shares during the period. Parkwood LLC acquired a new position in shares of Urban Outfitters during the first quarter worth about $268,000. Advantus Capital Management Inc raised its position in shares of Urban Outfitters by 30.1% in the first quarter. Advantus Capital Management Inc now owns 11,310 shares of the apparel retailer’s stock worth $269,000 after buying an additional 2,618 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of Urban Outfitters by 10.1% in the first quarter. Pacer Advisors Inc. now owns 12,301 shares of the apparel retailer’s stock worth $292,000 after buying an additional 1,132 shares during the period. Hedge funds and other institutional investors own 82.82% of the company’s stock.

Shares of Urban Outfitters, Inc. (URBN) traded up 3.32% during trading on Friday, reaching $17.76. The company had a trading volume of 4,907,501 shares. The firm has a 50-day moving average of $18.41 and a 200 day moving average of $21.84. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 10.37 and a beta of 0.66. 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 earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $761.20 million during the quarter, compared to analyst estimates of $768.95 million. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.88%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, equities research analysts forecast that Urban Outfitters, Inc. will post $1.39 earnings per share for the current year.

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A number of research analysts have recently issued reports on the company. FBR & Co reiterated a “hold” rating and set a $24.00 target price (down previously from $28.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. MKM Partners reiterated a “sell” rating and set a $16.00 target price (down previously from $19.00) on shares of Urban Outfitters in a research report on Monday, June 12th. Zacks Investment Research lowered Urban Outfitters from a “hold” rating to a “strong sell” rating in a research report on Friday, May 19th. Wunderlich set a $20.00 target price on Urban Outfitters and gave the company a “hold” rating in a research report on Wednesday, May 17th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $19.00 target price (down previously from $27.00) on shares of Urban Outfitters in a research report on Friday, May 19th. Four 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 company. The stock currently has an average rating of “Hold” and a consensus target price of $25.28.

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.

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

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