Urban Outfitters, Inc. (NASDAQ:URBN) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 114.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 315,308 shares of the apparel retailer's stock after acquiring an additional 168,008 shares during the period. Canada Pension Plan Investment Board owned about 0.34% of Urban Outfitters worth $17,304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC raised its holdings in shares of Urban Outfitters by 5,565.6% during the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer's stock valued at $48,038,000 after buying an additional 859,886 shares during the period. Norges Bank acquired a new position in shares of Urban Outfitters during the fourth quarter worth $31,605,000. Wealthfront Advisers LLC purchased a new position in shares of Urban Outfitters in the fourth quarter valued at $21,140,000. Trexquant Investment LP grew its holdings in Urban Outfitters by 132.4% during the 4th quarter. Trexquant Investment LP now owns 335,251 shares of the apparel retailer's stock valued at $18,399,000 after purchasing an additional 191,020 shares in the last quarter. Finally, American Century Companies Inc. increased its stake 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 worth $114,653,000 after buying an additional 173,082 shares during the period. Institutional investors and hedge funds own 77.61% of the company's stock.

Insiders Place Their Bets

In related news, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now owns 15,450 shares of the company's stock, valued at $902,898. This trade represents a 34.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tricia D. Smith sold 10,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the transaction, the chief executive officer now directly owns 12,601 shares of the company's stock, valued at $679,697.94. The trade was a 44.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,976 shares of company stock valued at $1,663,713 over the last three months. Company insiders own 31.80% of the company's stock.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN traded up $0.57 during trading on Friday, reaching $51.41. 1,410,622 shares of the company's stock traded hands, compared to its average volume of 1,872,293. The stock has a market capitalization of $4.76 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $61.16. The company has a 50 day moving average of $51.37 and a 200-day moving average of $49.19.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted 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 company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Equities research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

URBN has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. JPMorgan Chase & Co. lowered their price objective on Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Citigroup cut their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. StockNews.com cut Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Morgan Stanley upgraded shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Urban Outfitters currently has an average rating of "Hold" and a consensus price target of $55.18.

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.