Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,400,040 shares of the apparel retailer’s stock after selling 181,837 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.52% of Urban Outfitters worth $76,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pictet Asset Management Holding SA lifted its holdings in Urban Outfitters by 23.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,340 shares of the apparel retailer’s stock worth $458,000 after buying an additional 1,598 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Urban Outfitters during the fourth quarter worth about $173,000. Norges Bank acquired a new position in shares of Urban Outfitters in the fourth quarter worth about $31,605,000. JPMorgan Chase & Co. grew its stake in Urban Outfitters by 36.5% during the 4th quarter. JPMorgan Chase & Co. now owns 589,660 shares of the apparel retailer’s stock valued at $32,361,000 after purchasing an additional 157,768 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in Urban Outfitters by 19.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 50,319 shares of the apparel retailer’s stock worth $2,762,000 after purchasing an additional 8,252 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Wesley S. Mcdonald sold 8,300 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now directly owns 15,450 shares in the company, valued at $902,898. This trade represents a 34.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the transaction, the director now owns 510,296 shares of the company’s stock, valued at $29,245,063.76. This trade represents a 9.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,976 shares of company stock valued at $5,573,263. Insiders own 31.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on URBN. UBS Group raised their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. raised their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Wells Fargo & Company upped their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Robert W. Baird lifted their price target on Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters has an average rating of “Hold” and an average price target of $56.00.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $52.40 on Tuesday. The firm has a market capitalization of $4.84 billion, a PE ratio of 15.01, a P/E/G ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The business’s fifty day moving average price is $54.53 and its two-hundred day moving average price is $47.85.

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

About Urban Outfitters

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.