Gotham Asset Management LLC Sells 11,189 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Gotham Asset Management LLC decreased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 74.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,766 shares of the apparel retailer's stock after selling 11,189 shares during the period. Gotham Asset Management LLC's holdings in Urban Outfitters were worth $207,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its stake in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after acquiring an additional 200 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Urban Outfitters by 10.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock worth $146,000 after acquiring an additional 250 shares during the period. Natixis Advisors LLC boosted its stake in Urban Outfitters by 1.7% during 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 during the last quarter. Summit Investment Advisors Inc. boosted its stake in Urban Outfitters by 5.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock valued at $364,000 after buying an additional 351 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Urban Outfitters by 2.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 19,060 shares of the apparel retailer's stock valued at $1,046,000 after buying an additional 365 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on URBN. Barclays increased their price target on Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday. StockNews.com raised Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Tuesday. Telsey Advisory Group reissued a "market perform" rating and set a $59.00 price target on shares of Urban Outfitters in a research note on Friday, May 16th. Robert W. Baird increased their price target on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group increased their price target on Urban Outfitters from $42.00 to $46.00 and gave the company an "underperform" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $56.36.

Insider Transactions at Urban Outfitters

In other news, insider Azeez Hayne sold 11,676 shares of the 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the sale, the director now owns 15,450 shares in the company, valued at approximately $902,898. The trade was a 34.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,976 shares of company stock worth $1,663,713. 31.60% of the stock is currently owned by company insiders.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $59.60 on Thursday. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $63.21. The business has a 50 day simple moving average of $51.88 and a 200-day simple moving average of $51.75.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.35. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. During the same period in the prior year, the business earned $0.69 EPS. The business's revenue for the quarter was up 10.7% on a year-over-year basis. As a group, analysts expect 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.

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