Urban Outfitters, Inc. (NASDAQ:URBN) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 280.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,466 shares of the apparel retailer's stock after acquiring an additional 103,564 shares during the quarter. Deutsche Bank AG owned 0.15% of Urban Outfitters worth $7,709,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake 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 buying an additional 200 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Urban Outfitters by 315.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after purchasing an additional 1,125 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Urban Outfitters by 38.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock worth $95,000 after purchasing an additional 470 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in 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 in the last quarter. Finally, Covestor Ltd raised its stake in Urban Outfitters by 159.5% in the 4th quarter. Covestor Ltd now owns 2,753 shares of the apparel retailer's stock worth $151,000 after purchasing an additional 1,692 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded down $0.08 during midday trading on Tuesday, reaching $61.34. The stock had a trading volume of 2,977,790 shares, compared to its average volume of 1,917,733. The stock has a 50-day moving average of $51.66 and a 200-day moving average of $51.70. The company has a market capitalization of $5.68 billion, a price-to-earnings 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.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released 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. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. As a group, analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on URBN. Citigroup dropped 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 report on Tuesday, April 8th. Barclays boosted their target price on shares of Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday. Morgan Stanley lowered their price objective on shares of Urban Outfitters from $63.00 to $62.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. UBS Group upped their price objective on shares of Urban Outfitters from $45.00 to $54.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, StockNews.com upgraded shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Urban Outfitters currently has a consensus rating of "Hold" and an average target price of $55.27.

Insider Transactions at Urban Outfitters

In related 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 transaction, the chief executive officer now owns 12,601 shares in the company, valued at $679,697.94. The trade was a 44.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Azeez Hayne sold 11,676 shares of the business'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 transaction of $639,261.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,976 shares of company stock worth $1,663,713. 31.60% of the stock is currently owned by 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.