Mitsubishi UFJ Trust & Banking Corp Has $2.76 Million Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 19.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,319 shares of the apparel retailer's stock after buying an additional 8,252 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of Urban Outfitters worth $2,762,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Morgan Stanley upgraded shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their price objective on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Robert W. Baird increased their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Barclays raised their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, UBS Group upped their price target on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $56.00.

Insider Activity at Urban Outfitters

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the sale, the director now directly owns 15,450 shares in the company, valued at approximately $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,976 shares of company stock worth $5,573,263. Company insiders own 31.80% of the company's stock.

Urban Outfitters Stock Up 3.0 %

Shares of URBN stock traded up $1.37 during trading hours on Friday, reaching $46.61. 5,682,796 shares of the company's stock were exchanged, compared to its average volume of 1,822,486. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $61.16. The stock has a market capitalization of $4.30 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.02 and a beta of 1.37. The business has a fifty day moving average price of $53.81 and a 200-day moving average price of $48.15.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.89 by $0.15. The firm had revenue of $1.64 billion during 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%. As a group, research analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

About Urban Outfitters

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.