Martingale Asset Management L P Cuts Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Martingale Asset Management L P trimmed its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 36.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,750 shares of the apparel retailer's stock after selling 12,683 shares during the quarter. Martingale Asset Management L P's holdings in Urban Outfitters were worth $1,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its position in Urban Outfitters by 1.1% during the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer's stock worth $107,244,000 after purchasing an additional 31,100 shares during the period. Geode Capital Management LLC grew its holdings in Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer's stock worth $56,765,000 after acquiring an additional 18,249 shares during the period. Franklin Resources Inc. raised its position in Urban Outfitters by 7.6% during the third quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer's stock valued at $1,315,000 after acquiring an additional 2,527 shares in the last quarter. GAMMA Investing LLC boosted its position in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after purchasing an additional 202 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in Urban Outfitters by 10.6% during the fourth quarter. Diversified Trust Co now owns 18,765 shares of the apparel retailer's stock worth $1,030,000 after buying an additional 1,801 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

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Insider Transactions at Urban Outfitters

In related news, insider Azeez Hayne sold 11,676 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the sale, the director now directly owns 495,296 shares of the company's stock, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,976 shares of company stock worth $2,421,213 in the last quarter. Company insiders own 31.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group upped their price target on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Citigroup decreased their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company lifted their price target on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Morgan Stanley upgraded shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $55.18.

Urban Outfitters Price Performance

NASDAQ URBN traded up $0.14 during trading hours on Tuesday, hitting $48.31. 2,416,942 shares of the company's stock traded hands, compared to its average volume of 1,866,966. The company has a market capitalization of $4.48 billion, a PE ratio of 13.84, a PEG ratio of 1.02 and a beta of 1.37. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16. The firm's 50-day moving average is $52.50 and its 200-day moving average is $48.68.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (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 business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Equities research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

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.