Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 27.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,566 shares of the apparel retailer's stock after selling 113,622 shares during the period. Invesco Ltd. owned about 0.33% of Urban Outfitters worth $16,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Urban Outfitters by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer's stock valued at $56,765,000 after purchasing an additional 18,249 shares during the period. Friedenthal Financial purchased a new stake in Urban Outfitters during the 4th quarter worth approximately $765,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Urban Outfitters by 1,016.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock valued at $7,223,000 after acquiring an additional 119,820 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Urban Outfitters by 17,631.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer's stock valued at $1,966,000 after acquiring an additional 35,615 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Urban Outfitters by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer's stock worth $38,754,000 after acquiring an additional 51,657 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Insider Transactions at Urban Outfitters

In other news, CEO Tricia D. Smith sold 10,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,976 shares of company stock valued at $1,663,713. 31.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on URBN. Telsey Advisory Group raised their price objective on Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday. UBS Group increased their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Citigroup decreased their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley upgraded Urban Outfitters from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of "Hold" and a consensus price target of $55.18.

Urban Outfitters Stock Performance

Shares of URBN traded up $0.24 during mid-day trading on Thursday, hitting $50.48. 681,045 shares of the company's stock were exchanged, compared to its average volume of 2,237,406. The stock's 50-day moving average is $51.48 and its 200-day moving average is $49.10. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $61.16. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. As a group, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Urban Outfitters 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.