Cubist Systematic Strategies LLC Acquires New Shares in Urban Outfitters, Inc. (NASDAQ:URBN)

Cubist Systematic Strategies LLC bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,371 shares of the apparel retailer's stock, valued at approximately $240,000.

A number of other institutional investors have also modified their holdings of the company. Franklin Resources Inc. raised its holdings in Urban Outfitters by 7.6% in 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. Crossmark Global Holdings Inc. acquired a new position in shares of Urban Outfitters in the fourth quarter worth about $219,000. KBC Group NV lifted its position in shares of Urban Outfitters by 41.8% in the fourth quarter. KBC Group NV now owns 2,959 shares of the apparel retailer's stock worth $162,000 after purchasing an additional 872 shares in the last quarter. Empirical Finance LLC purchased a new stake in shares of Urban Outfitters in the fourth quarter worth approximately $813,000. Finally, Allspring Global Investments Holdings LLC raised its position in 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 in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Stock Performance

NASDAQ:URBN traded down $0.08 during trading hours on Tuesday, reaching $61.34. The company's stock had a trading volume of 2,977,790 shares, compared to its average volume of 1,917,733. The company has a market capitalization of $5.68 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $63.21. The stock has a 50 day moving average price of $51.66 and a two-hundred day moving average price of $51.70.

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 company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on URBN. StockNews.com upgraded shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on Urban Outfitters from $50.00 to $63.00 and gave the stock a "neutral" rating in a research note on Monday. UBS Group upped their price target on Urban Outfitters from $45.00 to $54.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Telsey Advisory Group reiterated a "market perform" rating and set a $59.00 price objective on shares of Urban Outfitters in a research note on Friday. Finally, Citigroup dropped their price objective on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $55.27.

Insider Activity

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the sale, the director now directly owns 15,450 shares of the company's stock, valued at $902,898. This represents a 34.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the firm's stock in a transaction that occurred 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. Over the last ninety days, insiders sold 29,976 shares of company stock valued at $1,663,713. 31.60% of the stock is currently owned by corporate insiders.

About Urban Outfitters

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.