Peregrine Capital Management LLC Has $4.17 Million Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

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Peregrine Capital Management LLC grew its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,260 shares of the apparel retailer’s stock after buying an additional 3,926 shares during the quarter. Peregrine Capital Management LLC owned 0.28% of Urban Outfitters worth $4,174,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. State of Michigan Retirement System boosted its holdings in shares of Urban Outfitters by 30.9% in the second quarter. State of Michigan Retirement System now owns 25,666 shares of the apparel retailer’s stock valued at $391,000 after buying an additional 6,066 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Urban Outfitters by 25.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,130 shares of the apparel retailer’s stock valued at $124,000 after buying an additional 1,649 shares during the period. Thompson Investment Management Inc. boosted its holdings in shares of Urban Outfitters by 9.4% in the second quarter. Thompson Investment Management Inc. now owns 112,032 shares of the apparel retailer’s stock valued at $1,705,000 after buying an additional 9,594 shares during the period. First Trust Advisors LP boosted its holdings in shares of Urban Outfitters by 233.3% in the second quarter. First Trust Advisors LP now owns 688,675 shares of the apparel retailer’s stock valued at $10,482,000 after buying an additional 482,064 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Urban Outfitters in the second quarter valued at approximately $827,000. Institutional investors own 71.47% of the company’s stock.

Several research analysts recently commented on URBN shares. Loop Capital cut shares of Urban Outfitters from a “hold” rating to a “sell” rating and reduced their target price for the stock from $16.00 to $14.00 in a report on Monday, July 20th. B. Riley restated a “hold” rating and set a $15.00 target price on shares of Urban Outfitters in a report on Wednesday, May 20th. Telsey Advisory Group reduced their target price on shares of Urban Outfitters from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Barclays reduced their target price on shares of Urban Outfitters from $25.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Finally, Jefferies Financial Group restated a “buy” rating and set a $20.00 target price on shares of Urban Outfitters in a report on Friday, May 15th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. Urban Outfitters has a consensus rating of “Hold” and an average price target of $20.33.

NASDAQ:URBN opened at $16.54 on Friday. Urban Outfitters, Inc. has a 52 week low of $12.28 and a 52 week high of $31.41. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 45.94 and a beta of 1.27. The firm’s 50-day simple moving average is $16.32 and its 200 day simple moving average is $19.32. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.27 and a current ratio of 1.77.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, May 19th. The apparel retailer reported ($1.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($1.15). Urban Outfitters had a positive return on equity of 2.65% and a negative net margin of 0.08%. The business had revenue of $588.50 million for the quarter, compared to the consensus estimate of $637.99 million. During the same period in the prior year, the business posted $0.31 earnings per share. Urban Outfitters’s revenue was down 31.9% compared to the same quarter last year. Sell-side analysts anticipate that Urban Outfitters, Inc. will post -0.92 EPS for the current year.

Urban Outfitters Company 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.

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

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