Dynamic Technology Lab Private Ltd Increases Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Dynamic Technology Lab Private Ltd lifted its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 186.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,474 shares of the apparel retailer's stock after purchasing an additional 15,924 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Urban Outfitters were worth $1,344,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its position in Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC lifted its stake in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after purchasing an additional 202 shares in the last quarter. Quarry LP boosted its holdings in Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock valued at $47,000 after purchasing an additional 298 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Urban Outfitters by 315.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after purchasing an additional 1,125 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in shares of Urban Outfitters by 38.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock worth $95,000 after buying an additional 470 shares in the last quarter. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Price Performance

NASDAQ:URBN traded down $2.23 during trading hours on Friday, hitting $46.19. The company had a trading volume of 827,493 shares, compared to its average volume of 1,854,238. The stock has a 50-day moving average price of $52.84 and a 200 day moving average price of $48.47. The company has a market capitalization of $4.28 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $61.16.

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

Insiders Place Their Bets

In other Urban Outfitters news, insider Azeez Hayne sold 11,676 shares of Urban Outfitters stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $539,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. This represents a 44.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,976 shares of company stock worth $2,421,213. 31.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on URBN. Barclays boosted their price objective on Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Morgan Stanley raised shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. Wells Fargo & Company upped their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. UBS Group raised their price target on Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $46.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Urban Outfitters presently has an average rating of "Hold" and an average price target of $55.55.

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.