Urban Outfitters, Inc. (NASDAQ:URBN)’s stock price fell 7.4% during trading on Wednesday . The stock traded as low as $20.17 and last traded at $20.25, 3,690,159 shares changed hands during mid-day trading. An increase of 33% from the average session volume of 2,778,616 shares. The stock had previously closed at $21.87.

URBN has been the subject of a number of analyst reports. Wells Fargo & Co cut their price target on Urban Outfitters from $30.00 to $28.00 and set a “market perform” rating for the company in a research note on Wednesday, May 22nd. TheStreet lowered Urban Outfitters from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. BidaskClub upgraded Urban Outfitters from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 31st. MKM Partners cut their price target on Urban Outfitters to $28.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. Finally, Wedbush set a $26.00 price target on Urban Outfitters and gave the stock a “hold” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $36.54.

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 company’s fifty day moving average price is $22.74. The firm has a market capitalization of $2.07 billion, a PE ratio of 7.36, a P/E/G ratio of 0.78 and a beta of 0.76.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.05. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.07%. The firm had revenue of $864.41 million during the quarter, compared to the consensus estimate of $857.31 million. During the same quarter last year, the firm earned $0.38 EPS. As a group, research analysts expect that Urban Outfitters, Inc. will post 2.41 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Huntington National Bank lifted its stake in 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 purchasing an additional 750 shares during the last quarter. Parallel Advisors LLC lifted its stake in Urban Outfitters by 114.9% in the first quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock worth $35,000 after purchasing an additional 631 shares during the last quarter. Signaturefd LLC lifted its stake in 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 purchasing an additional 789 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Urban Outfitters in the second quarter worth about $46,000. Finally, Royce & Associates LP bought a new stake in Urban Outfitters in the first quarter worth about $50,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

About Urban Outfitters (NASDAQ:URBN)

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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