Dynamic Technology Lab Private Ltd bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 52,296 shares of the apparel retailer’s stock, valued at approximately $1,250,000.

A number of other large investors also recently made changes to their positions in the business. Shapiro Capital Management LLC boosted its holdings in shares of Urban Outfitters by 586.5% during the second quarter. Shapiro Capital Management LLC now owns 8,827,740 shares of the apparel retailer’s stock worth $163,666,000 after purchasing an additional 7,541,840 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Urban Outfitters by 84.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,199,015 shares of the apparel retailer’s stock worth $59,310,000 after purchasing an additional 1,462,130 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Urban Outfitters during the second quarter worth $23,205,000. Lord Abbett & CO. LLC boosted its holdings in shares of Urban Outfitters by 59.2% during the second quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock worth $33,928,000 after purchasing an additional 680,511 shares during the last quarter. Finally, Coronation Fund Managers Ltd. boosted its holdings in shares of Urban Outfitters by 81.8% during the second quarter. Coronation Fund Managers Ltd. now owns 983,375 shares of the apparel retailer’s stock worth $18,232,000 after purchasing an additional 442,526 shares during the last quarter. Hedge funds and other institutional investors own 87.35% of the company’s stock.

Several equities research analysts have recently issued reports on the company. MKM Partners set a $16.00 price objective on Urban Outfitters and gave the stock a “sell” rating in a report on Wednesday, August 16th. BMO Capital Markets set a $20.00 price objective on Urban Outfitters and gave the stock a “hold” rating in a report on Tuesday, August 8th. KeyCorp set a $26.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a report on Wednesday, August 16th. Wolfe Research upgraded Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Wednesday, November 15th. Finally, Jefferies Group LLC set a $25.00 price objective on Urban Outfitters and gave the stock a “buy” 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 nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.14.

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Shares of Urban Outfitters, Inc. (NASDAQ:URBN) traded up $1.45 during midday trading on Monday, hitting $27.90. The stock had a trading volume of 9,652,300 shares, compared to its average volume of 3,374,028. The firm has a market capitalization of $3,060.00, a P/E ratio of 18.35, a PEG ratio of 1.69 and a beta of 0.62. Urban Outfitters, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $39.29.

Urban Outfitters announced that its Board of Directors has approved a stock buyback program on Thursday, August 24th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the apparel retailer to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Urban Outfitters 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.

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

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