Cerity Partners LLC Reduces Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Cerity Partners LLC lowered its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 18.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,483 shares of the apparel retailer's stock after selling 40,217 shares during the quarter. Cerity Partners LLC owned about 0.19% of Urban Outfitters worth $9,689,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of URBN. Envestnet Asset Management Inc. grew its stake in shares of Urban Outfitters by 4.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,784 shares of the apparel retailer's stock worth $866,000 after acquiring an additional 638 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in Urban Outfitters by 186.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 24,474 shares of the apparel retailer's stock worth $1,344,000 after purchasing an additional 15,924 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Urban Outfitters during the 4th quarter worth about $5,224,000. Trexquant Investment LP raised its position in Urban Outfitters by 132.4% in 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, Franklin Resources Inc. boosted its stake in shares of Urban Outfitters by 94.2% in the 4th quarter. Franklin Resources Inc. now owns 69,305 shares of the apparel retailer's stock valued at $3,803,000 after buying an additional 33,619 shares during the period. Hedge funds and other institutional investors own 77.61% of the company's stock.

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Urban Outfitters Stock Performance

NASDAQ:URBN traded down $0.56 during mid-day trading on Wednesday, reaching $47.75. The stock had a trading volume of 771,072 shares, compared to its average volume of 1,862,720. The business has a 50 day simple moving average of $52.31 and a 200 day simple moving average of $48.68. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 1.02 and a beta of 1.37. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $61.16.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on URBN. Barclays increased their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a report on Friday, February 28th. StockNews.com lowered Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. UBS Group boosted their price target 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. Citigroup dropped their price objective on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their target price on Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Urban Outfitters presently has an average rating of "Hold" and an average target price of $55.18.

Insider Buying and Selling

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of the company's 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 represents a 34.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction that occurred 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,976 shares of company stock valued at $2,421,213. Corporate insiders own 31.80% of the company's stock.

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.