Brandywine Global Investment Management LLC Lowers Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Brandywine Global Investment Management LLC cut its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,567 shares of the apparel retailer’s stock after selling 3,000 shares during the period. Brandywine Global Investment Management LLC owned about 0.07% of Urban Outfitters worth $3,434,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in URBN. Jones Financial Companies Lllp increased its stake in Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after buying an additional 200 shares during the period. GAMMA Investing LLC increased its position in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 202 shares during the period. Quarry LP raised its stake in shares of Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 298 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Urban Outfitters by 315.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock valued at $82,000 after purchasing an additional 1,125 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in Urban Outfitters by 38.2% during the 4th 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. Institutional investors and hedge funds own 77.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, March 1st. UBS Group raised their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Wells Fargo & Company boosted their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price target on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Hold” and an average price target of $56.00.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $55.42 on Thursday. The company has a market capitalization of $5.11 billion, a P/E ratio of 15.88, a PEG ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $61.16. The stock has a 50-day simple moving average of $54.32 and a 200-day simple moving average of $48.02.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data 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 business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction that occurred on 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 approximately $25,012,448. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Azeez Hayne sold 11,676 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. Insiders sold a total of 99,976 shares of company stock worth $5,573,263 in the last 90 days. Company insiders own 31.80% of the company’s stock.

Urban Outfitters Company 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.