Blueshift Asset Management LLC Has $1.29 Million Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Blueshift Asset Management LLC trimmed its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 33.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,669 shares of the apparel retailer’s stock after selling 17,107 shares during the period. Blueshift Asset Management LLC’s holdings in Urban Outfitters were worth $1,290,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Marshall Wace LLP lifted its holdings in Urban Outfitters by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after buying an additional 1,230,771 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Urban Outfitters by 3.1% during the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock worth $79,433,000 after acquiring an additional 62,019 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Urban Outfitters by 20.5% during the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after acquiring an additional 264,708 shares during the period. Systematic Financial Management LP boosted its holdings in Urban Outfitters by 0.4% in the second quarter. Systematic Financial Management LP now owns 684,133 shares of the apparel retailer’s stock valued at $28,084,000 after acquiring an additional 2,674 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in Urban Outfitters by 27.0% in the second quarter. Panagora Asset Management Inc. now owns 420,930 shares of the apparel retailer’s stock worth $17,279,000 after purchasing an additional 89,411 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Trading Down 0.8 %

Shares of NASDAQ URBN opened at $40.14 on Wednesday. Urban Outfitters, Inc. has a 12 month low of $32.02 and a 12 month high of $48.90. The stock has a 50 day moving average of $37.18 and a 200-day moving average of $40.06. The company has a market capitalization of $3.70 billion, a P/E ratio of 12.28, a P/E/G ratio of 0.95 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.28. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. Analysts predict that Urban Outfitters, Inc. will post 3.65 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on URBN. Morgan Stanley reduced their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Barclays dropped their target price on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. Wells Fargo & Company reduced their price target on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Finally, Jefferies Financial Group decreased their target price on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $43.91.

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.