Assenagon Asset Management S.A. Acquires 81,491 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Assenagon Asset Management S.A. raised its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 79.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,522 shares of the apparel retailer's stock after acquiring an additional 81,491 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.20% of Urban Outfitters worth $9,617,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Fisher Asset Management LLC grew its stake in shares of Urban Outfitters by 5.6% during the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer's stock worth $120,122,000 after acquiring an additional 115,390 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Urban Outfitters by 9.0% during the 4th quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer's stock worth $114,653,000 after acquiring an additional 173,082 shares in the last quarter. Junto Capital Management LP grew its stake in shares of Urban Outfitters by 0.9% during the 4th quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer's stock worth $81,422,000 after acquiring an additional 13,820 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Urban Outfitters by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock worth $64,482,000 after acquiring an additional 60,697 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Urban Outfitters by 183,272.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock valued at $60,079,000 after buying an additional 1,094,134 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

URBN has been the subject of several analyst reports. BMO Capital Markets set a $76.00 target price on shares of Urban Outfitters and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Bank of America raised their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Citigroup decreased their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Jefferies Financial Group raised shares of Urban Outfitters from an "underperform" rating to a "hold" rating and raised their target price for the company from $50.00 to $70.00 in a research note on Friday, June 6th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $74.09.

Insider Transactions at Urban Outfitters

In related news, insider Margaret Hayne sold 80,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $72.59, for a total value of $5,807,200.00. Following the completion of the transaction, the insider now owns 100 shares of the company's stock, valued at $7,259. The trade was a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tricia D. Smith sold 4,500 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total value of $317,340.00. Following the completion of the transaction, the chief executive officer now directly owns 13,477 shares of the company's stock, valued at approximately $950,398.04. This trade represents a 25.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,156 shares of company stock valued at $11,636,158. 31.60% of the stock is currently owned by corporate insiders.

Urban Outfitters Stock Down 1.7%

Shares of URBN traded down $1.16 during midday trading on Friday, reaching $68.01. 1,948,732 shares of the stock were exchanged, compared to its average volume of 1,980,200. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $75.80. The company has a market cap of $6.10 billion, a P/E ratio of 19.49, a PEG ratio of 1.02 and a beta of 1.45. The stock's 50 day simple moving average is $59.09 and its 200 day simple moving average is $55.64.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The company's revenue was up 10.7% on a year-over-year basis. As a group, analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share 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.