UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.20 Million Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,563 shares of the apparel retailer's stock after selling 14,375 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Urban Outfitters worth $4,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Algert Global LLC grew its stake in Urban Outfitters by 36.0% in the third quarter. Algert Global LLC now owns 53,715 shares of the apparel retailer's stock valued at $2,058,000 after purchasing an additional 14,220 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Urban Outfitters by 5.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 10,026 shares of the apparel retailer's stock valued at $412,000 after buying an additional 531 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Urban Outfitters by 3.1% in the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer's stock worth $79,433,000 after buying an additional 62,019 shares during the last quarter. Aigen Investment Management LP bought a new position in Urban Outfitters during the third quarter valued at approximately $2,143,000. Finally, Panagora Asset Management Inc. lifted its stake in Urban Outfitters by 27.0% in the second quarter. Panagora Asset Management Inc. now owns 420,930 shares of the apparel retailer's stock valued at $17,279,000 after acquiring an additional 89,411 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

URBN has been the topic of several analyst reports. Morgan Stanley increased their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Robert W. Baird raised their target price on Urban Outfitters from $47.00 to $49.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. StockNews.com upgraded Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Saturday, December 7th. Telsey Advisory Group raised their price objective on Urban Outfitters from $44.00 to $46.00 and gave the company a "market perform" rating in a research note on Wednesday, November 27th. Finally, Barclays upped their target price on Urban Outfitters from $43.00 to $51.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Urban Outfitters presently has an average rating of "Hold" and a consensus target price of $46.27.

Urban Outfitters Stock Up 1.3 %

NASDAQ URBN traded up $0.67 during midday trading on Friday, hitting $52.44. The company had a trading volume of 1,540,289 shares, compared to its average volume of 1,728,756. The firm has a fifty day simple moving average of $40.29 and a two-hundred day simple moving average of $40.82. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $52.86. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 1.08 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business earned $0.88 earnings per share. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.88 earnings per share for the current 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.