Disciplined Growth Investors Inc. MN Has $22.05 Million Position in Urban Outfitters, Inc. (URBN)

Disciplined Growth Investors Inc. MN cut its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 922,465 shares of the apparel retailer’s stock after selling 7,550 shares during the quarter. Disciplined Growth Investors Inc. MN owned 0.83% of Urban Outfitters worth $22,047,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Shapiro Capital Management LLC lifted 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 valued at $163,666,000 after buying an additional 7,541,840 shares during the period. FMR LLC lifted its holdings in shares of Urban Outfitters by 2.4% during the 2nd quarter. FMR LLC now owns 5,986,454 shares of the apparel retailer’s stock valued at $110,988,000 after buying an additional 139,356 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Urban Outfitters by 32.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock valued at $101,640,000 after buying an additional 1,053,712 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Urban Outfitters by 7.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,234,875 shares of the apparel retailer’s stock valued at $101,215,000 after buying an additional 308,063 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Urban Outfitters by 4.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,167,501 shares of the apparel retailer’s stock valued at $40,185,000 after buying an additional 83,414 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) opened at $32.27 on Tuesday. Urban Outfitters, Inc. has a 12 month low of $16.19 and a 12 month high of $34.23. The stock has a market capitalization of $3,581.94, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.78 and a beta of 0.73.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The business had revenue of $892.77 million during the quarter, compared to analyst estimates of $860.64 million. During the same quarter in the prior year, the business posted $0.40 EPS. Urban Outfitters’s revenue for the quarter was up 3.5% compared to the same quarter last year. analysts expect that Urban Outfitters, Inc. will post 1.55 earnings per share for the current year.

Urban Outfitters announced that its Board of Directors has initiated a share buyback program on Thursday, August 24th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the apparel retailer to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

URBN has been the topic of several research analyst reports. Oppenheimer reissued a “hold” rating on shares of Urban Outfitters in a report on Tuesday, August 15th. FBR & Co lowered their price target on Urban Outfitters from $24.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, August 15th. Royal Bank of Canada increased their price target on Urban Outfitters from $17.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, August 16th. KeyCorp increased their price target on Urban Outfitters to $3.00 and gave the company an “overweight” rating in a report on Tuesday, November 21st. Finally, BMO Capital Markets increased their price target on Urban Outfitters from $20.00 to $28.00 and gave the company a “market perform” rating in a report on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $24.80.

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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.

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

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