Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,928,730 shares of the apparel retailer's stock after selling 439,888 shares during the quarter. Vanguard Group Inc. owned about 8.59% of Urban Outfitters worth $435,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in URBN. Jones Financial Companies Lllp grew its holdings in shares of 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 in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Urban Outfitters by 36.3% during the fourth 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 period. Steward Partners Investment Advisory LLC grew its holdings in shares of 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 purchasing an additional 250 shares during the last quarter. Natixis Advisors LLC boosted its position in Urban Outfitters by 1.7% in the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock valued at $847,000 after buying an additional 252 shares in the last quarter. Finally, Quarry LP grew its stake in 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 buying an additional 298 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Insider Buying and Selling

In related news, CEO Tricia D. Smith sold 10,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the transaction, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. This represents a 44.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 11,676 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. 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 three months. Insiders own 31.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on URBN shares. JPMorgan Chase & Co. raised their price target on Urban Outfitters from $46.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, January 8th. Barclays upped their target price on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Telsey Advisory Group boosted 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. Wells Fargo & Company lifted their price objective 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. Finally, UBS Group lifted their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $56.00.

Urban Outfitters Stock Performance

Urban Outfitters stock traded up $1.37 during midday trading on Friday, hitting $46.61. 5,682,796 shares of the company's 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 stock has a 50-day moving average price of $53.81 and a two-hundred day moving average price of $48.22. The company has a market cap of $4.30 billion, a P/E ratio of 13.36, a PEG 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 the consensus estimate of $0.89 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current 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.