Charles Schwab Investment Management Inc. Grows Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Charles Schwab Investment Management Inc. grew its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,174,966 shares of the apparel retailer's stock after purchasing an additional 60,697 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.27% of Urban Outfitters worth $64,482,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew 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 purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 202 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Urban Outfitters by 10.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock worth $146,000 after acquiring an additional 250 shares during the last quarter. Quarry LP lifted its holdings in shares of Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock worth $47,000 after acquiring an additional 298 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock worth $95,000 after acquiring an additional 470 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, 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 owns 12,601 shares in the company, valued at $679,697.94. The trade was a 44.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the business's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the transaction, the director now owns 510,296 shares in the company, valued at $29,245,063.76. This represents a 9.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,976 shares of company stock valued at $5,573,263. Insiders own 31.80% of the company's stock.

Urban Outfitters Trading Down 2.3 %

Shares of NASDAQ:URBN opened at $52.97 on Thursday. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The company has a 50-day moving average price of $55.95 and a 200-day moving average price of $46.44. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $61.16.

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Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on URBN. Wells Fargo & Company lifted their price objective on shares of 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 price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Citigroup raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. UBS Group lifted their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Finally, Morgan Stanley raised shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Urban Outfitters presently has a consensus rating of "Hold" and an average price target of $56.00.

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.

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