AlphaQuest LLC Sells 8,112 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

AlphaQuest LLC decreased its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 89.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 930 shares of the apparel retailer's stock after selling 8,112 shares during the quarter. AlphaQuest LLC's holdings in Urban Outfitters were worth $51,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp boosted its position in shares of Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after buying an additional 202 shares in the last quarter. Quarry LP boosted its stake in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock valued at $47,000 after purchasing an additional 298 shares during the last quarter. KBC Group NV boosted its stake in Urban Outfitters by 39.8% in the third quarter. KBC Group NV now owns 2,087 shares of the apparel retailer's stock valued at $80,000 after acquiring an additional 594 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Urban Outfitters by 315.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after purchasing an additional 1,125 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

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Urban Outfitters Stock Up 9.1 %

URBN traded up $4.45 during midday trading on Monday, hitting $53.58. 2,412,322 shares of the company were exchanged, compared to its average volume of 1,754,765. The firm's 50 day moving average price is $54.82 and its 200-day moving average price is $47.12. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The firm has a market capitalization of $4.94 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating the consensus estimate 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 return on equity of 15.86% and a net margin of 6.11%. On average, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Urban Outfitters from $60.00 to $65.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Barclays lifted their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Telsey Advisory Group increased their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Citigroup upgraded Urban Outfitters from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, UBS Group upped their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $56.00.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the transaction, the director now directly owns 510,296 shares in the company, valued at approximately $29,245,063.76. This represents a 9.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction on Monday, March 3rd. The shares were 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 owns 15,450 shares of the company's stock, valued at $902,898. This represents a 34.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,976 shares of company stock worth $5,573,263 over the last three months. 31.80% of the stock is owned by company insiders.

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.