Investment Counselors of Maryland LLC purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 890,453 shares of the apparel retailer’s stock, valued at approximately $20,258,000. Investment Counselors of Maryland LLC owned approximately 0.91% of Urban Outfitters at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC increased its position in Urban Outfitters by 114.9% during the 1st quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock valued at $35,000 after buying an additional 631 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Urban Outfitters by 178.1% in the first quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock worth $37,000 after buying an additional 789 shares during the period. Huntington National Bank boosted its holdings in shares of Urban Outfitters by 136.4% in the second quarter. Huntington National Bank now owns 1,300 shares of the apparel retailer’s stock worth $30,000 after buying an additional 750 shares during the period. Royce & Associates LP acquired a new position in shares of Urban Outfitters in the first quarter worth about $50,000. Finally, Smithfield Trust Co. acquired a new position in shares of Urban Outfitters in the first quarter worth about $53,000. 74.10% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ URBN traded up $1.01 during trading on Wednesday, reaching $21.92. The company’s stock had a trading volume of 569,828 shares, compared to its average volume of 2,318,324. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2.01 billion, a PE ratio of 8.04, a PEG ratio of 0.77 and a beta of 0.76. The business has a 50-day moving average price of $22.46 and a 200-day moving average price of $26.75. Urban Outfitters, Inc. has a 1-year low of $19.63 and a 1-year high of $52.50.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. The firm had revenue of $962.30 million during the quarter, compared to analysts’ expectations of $981.40 million. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.07%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. As a group, analysts expect that Urban Outfitters, Inc. will post 2.38 earnings per share for the current year.

URBN has been the subject of several recent analyst reports. Robert W. Baird decreased their target price on shares of Urban Outfitters from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday. Deutsche Bank set a $29.00 target price on shares of Urban Outfitters and gave the stock a “hold” rating in a report on Friday, August 16th. B. Riley cut shares of Urban Outfitters from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $38.00 to $23.00 in a report on Thursday, August 15th. MKM Partners decreased their target price on shares of Urban Outfitters to $28.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. Finally, Bank of America reiterated a “buy” rating and issued a $28.00 target price (down from $33.00) on shares of Urban Outfitters in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. Urban Outfitters has an average rating of “Hold” and an average price target of $31.94.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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

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