Trexquant Investment LP Purchases 191,020 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Trexquant Investment LP boosted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 132.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 335,251 shares of the apparel retailer's stock after purchasing an additional 191,020 shares during the quarter. Trexquant Investment LP owned approximately 0.36% of Urban Outfitters worth $18,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp boosted its position in Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 202 shares during the last quarter. Quarry LP raised its holdings 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 purchasing an additional 298 shares during the period. Smartleaf Asset Management LLC boosted its stake 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 acquiring an additional 1,125 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in 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. 77.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

URBN has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Urban Outfitters from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. UBS Group raised their price objective 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 upped their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Morgan Stanley upgraded Urban Outfitters from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. Finally, Robert W. Baird boosted their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $56.00.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now owns 12,601 shares in the company, valued at approximately $679,697.94. The trade was a 44.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the transaction, the director now directly owns 15,450 shares in the company, valued at $902,898. This trade represents a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,976 shares of company stock worth $5,573,263 in the last ninety days. 31.80% of the stock is owned by insiders.

Urban Outfitters Price Performance

NASDAQ URBN traded up $1.37 on Friday, hitting $46.61. 5,682,796 shares of the stock were exchanged, compared to its average volume of 1,822,486. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $61.16. The business's fifty day moving average is $53.81 and its 200 day moving average is $48.15. The company has a market capitalization of $4.30 billion, a PE ratio of 13.36, a P/E/G ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS 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 firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Analysts predict 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.