JPMorgan Chase & Co. Acquires 157,768 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

JPMorgan Chase & Co. lifted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 36.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 589,660 shares of the apparel retailer's stock after buying an additional 157,768 shares during the period. JPMorgan Chase & Co. owned about 0.64% of Urban Outfitters worth $32,361,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its position in shares of 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 in the last quarter. GAMMA Investing LLC lifted its position 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 buying an additional 202 shares in the last quarter. Quarry LP lifted its position in Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock worth $47,000 after buying an additional 298 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after buying an additional 1,125 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake 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 acquiring an additional 470 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

URBN has been the subject of a number of recent research reports. Wells Fargo & Company raised their price target on Urban Outfitters from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Friday. Robert W. Baird lifted their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Finally, Citigroup lowered their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Urban Outfitters presently has an average rating of "Hold" and a consensus target price of $55.55.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock traded down $1.67 during trading on Friday, reaching $46.75. The company's stock had a trading volume of 3,065,849 shares, compared to its average volume of 1,863,609. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $61.16. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. The business's fifty day moving average price is $52.67 and its 200-day moving average price is $48.54.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate 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. Sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Activity at Urban Outfitters

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the transaction, the director now owns 15,450 shares of the company's stock, valued at approximately $902,898. This represents a 34.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the sale, the director now directly owns 495,296 shares in the company, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,976 shares of company stock worth $2,421,213 in the last ninety days. 31.80% of the stock is currently owned by insiders.

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.