Sei Investments Co. Has $8.97 Million Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Sei Investments Co. increased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 24.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 163,497 shares of the apparel retailer's stock after buying an additional 32,622 shares during the period. Sei Investments Co. owned about 0.18% of Urban Outfitters worth $8,972,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake in Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC increased its stake in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after buying an additional 202 shares during the period. Quarry LP increased its stake in shares of Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock worth $47,000 after acquiring an additional 298 shares during the period. Smartleaf Asset Management LLC increased its position in Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after purchasing an additional 1,125 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in Urban Outfitters by 38.2% during 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 period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Azeez Hayne sold 11,676 shares of Urban Outfitters stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of the 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 owns 15,450 shares in the company, valued at approximately $902,898. This trade represents a 34.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,976 shares of company stock worth $5,573,263. Insiders own 31.80% of the company's stock.

Urban Outfitters Trading Down 18.4 %

URBN stock traded down $10.18 during trading on Thursday, reaching $45.24. The stock had a trading volume of 6,554,066 shares, compared to its average volume of 1,806,160. The firm has a fifty day moving average price of $54.04 and a 200 day moving average price of $48.01. The company has a market capitalization of $4.17 billion, a P/E ratio of 12.96, a PEG ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released 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 business had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.63 billion. Sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price 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. Barclays boosted their target price on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. UBS Group raised their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Robert W. Baird raised 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. Finally, Morgan Stanley upgraded 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 report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters presently has an average rating of "Hold" and an average target price of $56.00.

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.