Arrowstreet Capital Limited Partnership Has $76.83 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Arrowstreet Capital Limited Partnership decreased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 11.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,400,040 shares of the apparel retailer's stock after selling 181,837 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.52% of Urban Outfitters worth $76,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in URBN. Jones Financial Companies Lllp grew its holdings in Urban Outfitters by 61.5% in the fourth 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 lifted its stake in shares of Urban Outfitters by 36.3% during 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 in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Urban Outfitters by 10.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock worth $146,000 after buying an additional 250 shares in the last quarter. Natixis Advisors LLC raised its holdings in Urban Outfitters by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock valued at $847,000 after acquiring an additional 252 shares during the period. Finally, Quarry LP lifted its position in shares of 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 acquiring an additional 298 shares in the last quarter. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Stock Up 3.0 %

Shares of NASDAQ:URBN traded up $1.37 during midday trading on Friday, reaching $46.61. The company's stock had a trading volume of 5,682,796 shares, compared to its average volume of 1,822,486. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. The business has a 50 day moving average price of $53.81 and a 200 day moving average price of $48.15. 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 data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.15. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

URBN has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Urban Outfitters from $46.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Telsey Advisory Group increased their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Barclays boosted their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Morgan Stanley upgraded Urban Outfitters from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. Finally, Robert W. Baird boosted their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $56.00.

Insider Buying and Selling

In other Urban Outfitters news, insider Azeez Hayne sold 11,676 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now directly owns 15,450 shares of the company's stock, 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 three months, insiders sold 99,976 shares of company stock worth $5,573,263. Corporate 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.