Headlands Technologies LLC Sells 10,960 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Headlands Technologies LLC decreased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 56.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,601 shares of the apparel retailer's stock after selling 10,960 shares during the quarter. Headlands Technologies LLC's holdings in Urban Outfitters were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in shares of Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer's stock worth $56,765,000 after purchasing an additional 18,249 shares in the last quarter. Friedenthal Financial acquired a new position in Urban Outfitters during the 4th quarter worth approximately $765,000. Petrus Trust Company LTA purchased a new position in Urban Outfitters in the 3rd quarter worth approximately $642,000. State Street Corp grew its position in Urban Outfitters by 1.1% in the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer's stock valued at $107,244,000 after acquiring an additional 31,100 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Urban Outfitters by 1,016.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock valued at $7,223,000 after purchasing an additional 119,820 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on URBN. JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. Robert W. Baird upped their target price on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Morgan Stanley upgraded shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. Barclays increased their price target on Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, UBS Group boosted their target price on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $55.55.

Insider Transactions at Urban Outfitters

In related news, insider Azeez Hayne sold 11,676 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the firm's stock in a transaction that occurred on 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 directly owns 510,296 shares in the company, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,976 shares of company stock valued at $5,573,263. 31.80% of the stock is owned by insiders.

Urban Outfitters Stock Performance

NASDAQ:URBN traded up $7.21 during trading hours on Wednesday, hitting $50.45. 4,637,465 shares of the company's stock traded hands, compared to its average volume of 1,847,926. The stock's fifty day moving average price is $52.95 and its two-hundred day moving average price is $48.40. The firm has a market cap of $4.67 billion, a P/E ratio of 14.46, a P/E/G 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 issued its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share 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 for the quarter, compared to the consensus estimate of $1.63 billion. On average, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

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.