Schroder Investment Management Group Acquires Shares of 30,534 Urban Outfitters, Inc. (NASDAQ:URBN)

Schroder Investment Management Group bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 30,534 shares of the apparel retailer's stock, valued at approximately $1,685,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA increased its holdings in shares of Urban Outfitters by 23.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,340 shares of the apparel retailer's stock valued at $458,000 after acquiring an additional 1,598 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Urban Outfitters during the 4th quarter worth approximately $173,000. Norges Bank acquired a new position in Urban Outfitters during the 4th quarter valued at approximately $31,605,000. JPMorgan Chase & Co. raised its holdings in shares of Urban Outfitters by 36.5% in the fourth quarter. JPMorgan Chase & Co. now owns 589,660 shares of the apparel retailer's stock worth $32,361,000 after buying an additional 157,768 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Urban Outfitters by 19.6% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 50,319 shares of the apparel retailer's stock worth $2,762,000 after buying an additional 8,252 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the sale, the director now owns 495,296 shares in the company, valued at $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $902,898. This represents a 34.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,976 shares of company stock valued at $2,421,213. Company insiders own 31.80% of the company's stock.

Urban Outfitters Price Performance

URBN stock traded down $1.67 during midday trading on Friday, hitting $46.75. 3,065,849 shares of the stock traded hands, compared to its average volume of 1,863,609. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The stock's fifty day simple moving average is $52.67 and its 200-day simple moving average is $48.54. The firm has a market cap of $4.33 billion, a P/E ratio of 13.40, a PEG ratio of 1.02 and a beta of 1.37.

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

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of research analyst reports. UBS Group raised their target price on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. Telsey Advisory Group raised their price objective on Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. Morgan Stanley upgraded Urban Outfitters from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. Robert W. Baird raised their price target 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. Finally, 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 report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $55.55.

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.