Fmr LLC Sells 11,883 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

FMR LLC cut its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 20.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,292 shares of the apparel retailer's stock after selling 11,883 shares during the quarter. FMR LLC owned about 0.05% of Urban Outfitters worth $1,773,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in URBN. Algert Global LLC grew its position in shares of Urban Outfitters by 36.0% in the third quarter. Algert Global LLC now owns 53,715 shares of the apparel retailer's stock valued at $2,058,000 after purchasing an additional 14,220 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Urban Outfitters by 5.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer's stock worth $412,000 after purchasing an additional 531 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Urban Outfitters by 3.1% during the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer's stock worth $79,433,000 after purchasing an additional 62,019 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Urban Outfitters in the third quarter valued at approximately $2,143,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of Urban Outfitters by 27.0% in the second quarter. Panagora Asset Management Inc. now owns 420,930 shares of the apparel retailer's stock valued at $17,279,000 after buying an additional 89,411 shares during the period. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Stock Up 4.3 %

Shares of NASDAQ URBN traded up $2.28 during trading on Monday, reaching $54.72. The company had a trading volume of 2,159,921 shares, compared to its average volume of 1,730,334. The stock has a market cap of $5.05 billion, a P/E ratio of 15.03, a PEG ratio of 1.10 and a beta of 1.60. The company's fifty day moving average price is $40.59 and its 200-day moving average price is $40.88. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $55.21.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. Urban Outfitters's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on URBN shares. Citigroup raised Urban Outfitters from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. Barclays lifted their price objective on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Robert W. Baird upped their target price on Urban Outfitters from $47.00 to $49.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. Morgan Stanley raised their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Finally, BMO Capital Markets decreased their target price on shares of 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Urban Outfitters currently has a consensus rating of "Hold" and a consensus target price 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.