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

Blueshift Asset Management LLC lowered its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 33.7% in the 3rd quarter, according to its most recent Form 13F filing 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 quarter. 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 institutional investors have also added to or reduced their stakes in URBN. Blue Trust Inc. lifted its stake in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock worth $25,000 after acquiring an additional 354 shares during the last quarter. Quarry LP grew its stake in Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer's stock worth $38,000 after buying an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Urban Outfitters during the 2nd quarter worth $42,000. Asset Management One Co. Ltd. purchased a new position in Urban Outfitters during the 3rd quarter worth $47,000. Finally, Meeder Asset Management Inc. purchased a new stake in Urban Outfitters during the 2nd quarter valued at about $48,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 31.80% of the company's stock.

Urban Outfitters Price Performance

NASDAQ URBN traded up $7.35 during trading hours on Wednesday, hitting $47.49. The company had a trading volume of 8,111,102 shares, compared to its average volume of 1,709,580. The firm's 50 day moving average is $37.24 and its 200 day moving average is $40.06. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 0.95 and a beta of 1.50. Urban Outfitters, Inc. has a fifty-two week low of $33.17 and a fifty-two week high of $48.90.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.82 by $0.28. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter last year, the company posted $0.88 earnings per share. The company's quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 3.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on URBN. Morgan Stanley boosted their price objective on Urban Outfitters from $38.00 to $41.00 and gave the company an "equal weight" rating in a report on Wednesday. Telsey Advisory Group upped their price target on Urban Outfitters from $44.00 to $46.00 and gave the stock a "market perform" rating in a report on Wednesday. StockNews.com cut Urban Outfitters from a "buy" rating to a "hold" rating in a report on Saturday, September 28th. Jefferies Financial Group dropped their price target 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. Finally, Barclays upped their price target on Urban Outfitters from $43.00 to $51.00 and gave the company an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $46.27.

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.