Dynamic Technology Lab Private Ltd Sells 98,786 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Dynamic Technology Lab Private Ltd lowered its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 92.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,550 shares of the apparel retailer's stock after selling 98,786 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Urban Outfitters were worth $328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in URBN. Blue Trust Inc. boosted its position 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 valued at $25,000 after acquiring an additional 354 shares during the last quarter. Quarry LP lifted its position in Urban Outfitters by 1,825.0% in 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 stake in Urban Outfitters in the second quarter worth approximately $42,000. Meeder Asset Management Inc. bought a new position in Urban Outfitters during the second quarter valued at approximately $48,000. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Urban Outfitters during the third quarter worth approximately $47,000. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Price Performance

URBN stock traded up $1.24 during trading on Friday, reaching $48.73. The company had a trading volume of 2,193,491 shares, compared to its average volume of 1,822,194. The business has a 50 day moving average of $37.88 and a 200 day moving average of $40.20. The company has a market cap of $4.50 billion, a P/E ratio of 13.96, a PEG ratio of 1.10 and a beta of 1.50. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $49.48.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.28. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. Research analysts expect that Urban Outfitters, Inc. will post 3.79 earnings per share for the current year.

Insider Activity

In other news, CEO Tricia D. Smith sold 11,730 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 31.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on URBN shares. Barclays increased their target price on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an "overweight" rating in a report on Wednesday. Robert W. Baird boosted their target price on Urban Outfitters from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Wednesday. BMO Capital Markets decreased their price target on Urban Outfitters from $42.00 to $39.00 and set a "market perform" rating on the stock in a research note on Thursday, August 22nd. Jefferies Financial Group dropped their price objective on Urban Outfitters from $35.00 to $34.00 and set an "underperform" rating for the company in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $44.00 to $46.00 and gave the stock a "market perform" rating in a research note on Wednesday. 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $46.27.

Urban Outfitters 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.