Aigen Investment Management LP Has $1.64 Million Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Aigen Investment Management LP lessened its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 46.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,784 shares of the apparel retailer’s stock after selling 26,146 shares during the quarter. Aigen Investment Management LP’s holdings in Urban Outfitters were worth $1,635,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Urban Outfitters by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after purchasing an additional 18,249 shares during the period. Algert Global LLC grew its position in shares of Urban Outfitters by 36.0% in the third quarter. Algert Global LLC now owns 53,715 shares of the apparel retailer’s stock valued at $2,058,000 after purchasing an additional 14,220 shares during the last quarter. Friedenthal Financial acquired a new position in Urban Outfitters in the 4th quarter valued at $765,000. Petrus Trust Company LTA acquired a new position in shares of Urban Outfitters in the third quarter valued at about $642,000. Finally, Fisher Asset Management LLC boosted its stake in shares of Urban Outfitters by 3.1% in the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock valued at $79,433,000 after buying an additional 62,019 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the director now directly owns 495,296 shares in the company, valued at $25,012,448. This represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 31.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on URBN. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. Bank of America boosted their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. Barclays increased their price target on Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $56.00.

Urban Outfitters Stock Down 3.6 %

Shares of NASDAQ:URBN opened at $56.77 on Wednesday. The firm has a market capitalization of $5.24 billion, a PE ratio of 16.27, a P/E/G ratio of 1.02 and a beta of 1.54. The company has a 50-day moving average price of $56.04 and a two-hundred day moving average price of $45.86. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $61.16.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Urban Outfitters Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. 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 apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.