Aigen Investment Management LP Makes New Investment in Urban Outfitters, Inc. (NASDAQ:URBN)

Aigen Investment Management LP bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 55,930 shares of the apparel retailer's stock, valued at approximately $2,143,000. Aigen Investment Management LP owned 0.06% of Urban Outfitters at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. lifted its stake in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock valued at $25,000 after acquiring an additional 354 shares during the period. Quarry LP grew its holdings in shares of Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer's stock valued at $38,000 after purchasing an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Urban Outfitters in the second quarter worth $42,000. Asset Management One Co. Ltd. bought a new stake in Urban Outfitters in the third quarter worth $47,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Urban Outfitters in the second quarter valued at about $48,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on URBN. BMO Capital Markets decreased their price objective on Urban Outfitters from $42.00 to $39.00 and set a "market perform" rating for the company in a report on Thursday, August 22nd. Wells Fargo & Company dropped their price target on Urban Outfitters from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 22nd. Jefferies Financial Group dropped their price target on Urban Outfitters from $35.00 to $34.00 and set an "underperform" rating on the stock in a research note on Thursday, August 22nd. Barclays decreased their target price on Urban Outfitters from $52.00 to $43.00 and set an "overweight" rating for the company in a report on Thursday, August 22nd. Finally, Telsey Advisory Group downgraded Urban Outfitters from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $49.00 to $44.00 in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Urban Outfitters presently has a consensus rating of "Hold" and a consensus target price of $42.30.

Insider Activity

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the business's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 31.80% of the company's stock.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded down $0.20 during mid-day trading on Tuesday, reaching $38.73. 1,034,845 shares of the company's stock were exchanged, compared to its average volume of 1,673,208. The company's 50-day moving average is $36.63 and its 200-day moving average is $40.18. Urban Outfitters, Inc. has a 52-week low of $31.37 and a 52-week high of $48.90. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.91 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company earned $1.10 EPS. Urban Outfitters's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.63 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.