Capital Fund Management S.A. Sells 154,078 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Capital Fund Management S.A. reduced its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 80.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,504 shares of the apparel retailer's stock after selling 154,078 shares during the period. Capital Fund Management S.A.'s holdings in Urban Outfitters were worth $2,003,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 10,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,601 shares in the company, valued at $679,697.94. This represents a 44.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares in the company, valued at $25,012,448. This represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,976 shares of company stock valued at $2,421,213 over the last ninety days. 31.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on URBN. JPMorgan Chase & Co. lowered their target price on shares of Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday. UBS Group upped their target price on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Telsey Advisory Group lifted 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 report on Thursday, February 27th. Robert W. Baird upped their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Finally, StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Urban Outfitters currently has a consensus rating of "Hold" and a consensus price target of $55.18.

Urban Outfitters Stock Performance

Shares of URBN traded up $1.78 during trading hours on Friday, reaching $49.48. 1,703,818 shares of the company traded hands, compared to its average volume of 1,865,951. The stock's fifty day moving average is $52.00 and its 200 day moving average is $48.75. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The stock has a market cap of $4.58 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly 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. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.63 billion. On average, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current 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.