Urban Outfitters, Inc. (NASDAQ:URBN) Stake Boosted by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 24.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 163,497 shares of the apparel retailer's stock after purchasing an additional 32,622 shares during the quarter. Sei Investments Co. owned 0.18% of Urban Outfitters worth $8,972,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of URBN. Jones Financial Companies Lllp grew its stake in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after buying an additional 200 shares during the period. GAMMA Investing LLC boosted its position in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after purchasing an additional 202 shares during the period. Quarry LP raised its position in Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock valued at $47,000 after purchasing an additional 298 shares during the period. Smartleaf Asset Management LLC raised its position in Urban Outfitters by 315.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after purchasing an additional 1,125 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position 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 buying an additional 470 shares during the period. Institutional investors and hedge funds own 77.61% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Telsey Advisory Group boosted their price target on Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Robert W. Baird boosted 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. Wells Fargo & Company raised their price target on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, January 8th. Finally, StockNews.com upgraded Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Saturday, March 1st. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $56.00.

Urban Outfitters Trading Up 1.3 %

Urban Outfitters stock traded up $0.67 during midday trading on Tuesday, hitting $53.07. The stock had a trading volume of 1,398,911 shares, compared to its average volume of 2,014,126. The business has a fifty day moving average price of $54.53 and a 200 day moving average price of $47.85. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $61.16. The stock has a market cap of $4.90 billion, a P/E ratio of 15.21, a P/E/G ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly 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 business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the transaction, the director now directly owns 510,296 shares of the company's stock, valued at approximately $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the firm'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 disclosure for this sale can be found here. Over the last three months, insiders have sold 99,976 shares of company stock valued at $5,573,263. Company insiders own 31.80% of the company's stock.

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.