Wedge Capital Management L L P NC trimmed its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 8.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,983 shares of the apparel retailer’s stock after selling 2,643 shares during the period. Wedge Capital Management L L P NC’s holdings in Urban Outfitters were worth $645,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of URBN. Shapiro Capital Management LLC boosted its holdings in shares of Urban Outfitters by 586.5% during the 2nd quarter. Shapiro Capital Management LLC now owns 8,827,740 shares of the apparel retailer’s stock worth $163,666,000 after buying an additional 7,541,840 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Urban Outfitters by 84.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,199,015 shares of the apparel retailer’s stock worth $59,310,000 after buying an additional 1,462,130 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Urban Outfitters during the 2nd quarter worth approximately $23,205,000. Lord Abbett & CO. LLC boosted its holdings in shares of Urban Outfitters by 59.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock worth $33,928,000 after buying an additional 680,511 shares in the last quarter. Finally, Coronation Fund Managers Ltd. boosted its holdings in shares of Urban Outfitters by 81.8% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 983,375 shares of the apparel retailer’s stock worth $18,232,000 after buying an additional 442,526 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their price target on Urban Outfitters from $17.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 16th. SunTrust Banks, Inc. restated a “buy” rating on shares of Urban Outfitters in a report on Wednesday, August 16th. KeyCorp set a $26.00 target price on Urban Outfitters and gave the stock a “buy” rating in a report on Wednesday, August 16th. B. Riley reiterated a “neutral” rating on shares of Urban Outfitters in a report on Wednesday, November 1st. Finally, MKM Partners set a $16.00 target price on Urban Outfitters and gave the stock a “sell” rating in a report on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $22.47.

Urban Outfitters, Inc. (NASDAQ URBN) opened at $24.97 on Friday. Urban Outfitters, Inc. has a 12 month low of $16.19 and a 12 month high of $40.80. The company has a market capitalization of $2,691.88, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.45 and a beta of 0.62.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. Urban Outfitters had a return on equity of 13.61% and a net margin of 4.92%. The business had revenue of $873.00 million during the quarter, compared to the consensus estimate of $860.80 million. During the same quarter last year, the company earned $0.66 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. equities analysts forecast that Urban Outfitters, Inc. will post 1.45 earnings per share for the current year.

Urban Outfitters declared that its Board of Directors has approved a stock repurchase program 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 programs are generally an indication that the company’s leadership believes its shares are undervalued.

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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.

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

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