Urban Outfitters, Inc. (NASDAQ:URBN) Shares Bought by Trexquant Investment LP

Trexquant Investment LP grew its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 132.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 335,251 shares of the apparel retailer’s stock after purchasing an additional 191,020 shares during the period. Trexquant Investment LP’s holdings in Urban Outfitters were worth $18,399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its position in Urban Outfitters by 1.1% during the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock worth $107,244,000 after purchasing an additional 31,100 shares in the last quarter. Fisher Asset Management LLC grew its stake in Urban Outfitters by 5.6% in the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after acquiring an additional 115,390 shares during the last quarter. American Century Companies Inc. increased its holdings in Urban Outfitters by 9.0% during the 4th quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock valued at $114,653,000 after acquiring an additional 173,082 shares in the last quarter. Geode Capital Management LLC raised its position in Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after acquiring an additional 18,249 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Urban Outfitters by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock valued at $64,482,000 after purchasing an additional 60,697 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on URBN shares. Telsey Advisory Group raised their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. Finally, Wells Fargo & Company raised their price target 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $56.00.

Insider Buying and Selling at Urban Outfitters

In related news, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the sale, the director now directly owns 15,450 shares in the company, valued at approximately $902,898. This trade represents a 34.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 510,296 shares in the company, valued at approximately $29,245,063.76. The trade was 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 valued at $5,573,263 in the last three months. 31.80% of the stock is currently owned by company insiders.

Urban Outfitters Stock Performance

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

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. On average, research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

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.