Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 70.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,194 shares of the apparel retailer’s stock after selling 10,000 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Urban Outfitters were worth $95,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First Quadrant L P CA increased its position in shares of Urban Outfitters by 807.6% in the second quarter. First Quadrant L P CA now owns 24,914 shares of the apparel retailer’s stock worth $567,000 after acquiring an additional 22,169 shares in the last quarter. Sapience Investments LLC acquired a new stake in Urban Outfitters during the 1st quarter valued at $5,131,000. Accident Compensation Corp acquired a new stake in Urban Outfitters during the 1st quarter valued at $1,307,000. Skylands Capital LLC grew its holdings in Urban Outfitters by 259.3% during the 1st quarter. Skylands Capital LLC now owns 252,250 shares of the apparel retailer’s stock valued at $7,477,000 after purchasing an additional 182,050 shares in the last quarter. Finally, BB&T Corp grew its holdings in Urban Outfitters by 0.5% during the 1st quarter. BB&T Corp now owns 80,148 shares of the apparel retailer’s stock valued at $2,376,000 after purchasing an additional 394 shares in the last quarter. 74.10% of the stock is owned by institutional investors.

NASDAQ URBN traded up $1.16 during trading hours on Thursday, reaching $23.52. 351,932 shares of the company traded hands, compared to its average volume of 2,383,284. Urban Outfitters, Inc. has a 12 month low of $19.63 and a 12 month high of $52.50. 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 $2.04 billion, a PE ratio of 8.59, a PEG ratio of 0.78 and a beta of 0.76. The company has a 50 day moving average of $22.45 and a two-hundred day moving average of $26.70.

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

A number of equities research analysts recently weighed in on URBN shares. BidaskClub raised shares of Urban Outfitters from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 31st. Wells Fargo & Co lowered their price target on shares of Urban Outfitters from $30.00 to $28.00 and set a “market perform” rating for the company in a report on Wednesday, May 22nd. B. Riley lowered shares of Urban Outfitters from a “buy” rating to a “neutral” rating and lowered their price target for the company from $38.00 to $23.00 in a report on Thursday, August 15th. Bank of America reaffirmed a “buy” rating and set a $28.00 price target (down from $33.00) on shares of Urban Outfitters in a report on Wednesday. Finally, TheStreet lowered shares of Urban Outfitters from a “b-” rating to a “c+” rating in a report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.72.

Urban Outfitters Profile

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.

See Also: What are the benefits of a balanced fund?

Want to see what other hedge funds are holding URBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Outfitters, Inc. (NASDAQ:URBN).

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

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.