Assenagon Asset Management S.A. Sells 37,330 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Assenagon Asset Management S.A. decreased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 26.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,031 shares of the apparel retailer's stock after selling 37,330 shares during the quarter. Assenagon Asset Management S.A. owned 0.11% of Urban Outfitters worth $5,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Marshall Wace LLP raised its holdings in shares of Urban Outfitters by 116.3% during the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer's stock worth $93,956,000 after acquiring an additional 1,230,771 shares in the last quarter. Cerity Partners LLC acquired a new position in Urban Outfitters in the 3rd quarter worth about $8,340,000. Empowered Funds LLC acquired a new stake in shares of Urban Outfitters during the 3rd quarter valued at about $7,789,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at approximately $7,238,000. Finally, Maverick Capital Ltd. bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at approximately $4,710,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction on Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the transaction, the director now owns 510,296 shares in the company, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 31.80% of the stock is currently owned by insiders.

Urban Outfitters Trading Up 9.9 %

URBN stock traded up $5.43 during midday trading on Tuesday, hitting $60.44. The stock had a trading volume of 3,273,683 shares, compared to its average volume of 2,241,473. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $60.57. The stock has a 50-day simple moving average of $50.86 and a 200 day simple moving average of $43.28. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 1.14 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $0.88 EPS. The firm's revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Urban Outfitters, Inc. will post 3.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on URBN. Morgan Stanley upgraded shares of 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 research note on Tuesday. Robert W. Baird lifted their price objective on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Telsey Advisory Group upped their price objective on shares of Urban Outfitters from $46.00 to $56.00 and gave the stock a "market perform" rating in a report on Tuesday, January 14th. UBS Group raised their target price on Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Finally, Barclays upped their price target on Urban Outfitters from $51.00 to $63.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $53.64.

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.