Urban Outfitters, Inc. (NASDAQ:URBN) Holdings Trimmed by Signaturefd LLC

Signaturefd LLC reduced its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 44.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,646 shares of the apparel retailer’s stock after selling 1,308 shares during the quarter. Signaturefd LLC’s holdings in Urban Outfitters were worth $90,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp raised its position in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares during the period. GAMMA Investing LLC grew its stake in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Quarry LP increased its holdings in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Urban Outfitters by 315.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock worth $82,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Urban Outfitters by 38.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock worth $95,000 after purchasing an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 10,000 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now owns 12,601 shares of the company’s stock, valued at $679,697.94. The trade was a 44.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the sale, the director now directly owns 510,296 shares in the company, valued at approximately $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,976 shares of company stock worth $5,573,263 over the last 90 days. Insiders own 31.80% of the company’s stock.

Wall Street Analysts Forecast Growth

URBN has been the topic of a number of research analyst reports. Robert W. Baird boosted their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price target for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. Bank of America increased their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company boosted their target price on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and a consensus price target of $56.00.

Urban Outfitters Price Performance

NASDAQ URBN opened at $49.13 on Monday. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $61.16. The stock’s 50-day moving average is $54.82 and its two-hundred day moving average is $47.12. The firm has a market cap of $4.53 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. On average, equities analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current 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.