Meeder Asset Management Inc. Reduces Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Meeder Asset Management Inc. decreased its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 46.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,008 shares of the apparel retailer's stock after selling 5,219 shares during the quarter. Meeder Asset Management Inc.'s holdings in Urban Outfitters were worth $315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Whipplewood Advisors LLC lifted its stake in shares of Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after acquiring an additional 463 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Urban Outfitters during the 1st quarter worth approximately $52,000. GAMMA Investing LLC lifted its stake in shares of Urban Outfitters by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after acquiring an additional 263 shares during the last quarter. Covestor Ltd lifted its stake in shares of Urban Outfitters by 159.5% during the 4th quarter. Covestor Ltd now owns 2,753 shares of the apparel retailer's stock worth $151,000 after acquiring an additional 1,692 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Urban Outfitters during the 4th quarter worth approximately $173,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

Insider Transactions at Urban Outfitters

In other news, insider Margaret Hayne sold 80,000 shares of the business's stock in a transaction on 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 directly owned 100 shares of the company's stock, valued at approximately $7,259. The trade was a 99.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $74.15, for a total value of $2,595,250.00. Following the completion of the transaction, the director directly owned 480,296 shares of the company's stock, valued at approximately $35,613,948.40. The trade was a 6.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,156 shares of company stock worth $11,636,158. Company insiders own 31.60% of the company's stock.

Urban Outfitters Trading Up 1.2%

Shares of URBN traded up $0.93 during trading hours on Friday, hitting $76.21. The company had a trading volume of 2,036,002 shares, compared to its average volume of 2,159,493. The company has a market capitalization of $6.83 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.32 and a beta of 1.44. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $78.22. The company's fifty day moving average price is $71.79 and its two-hundred day moving average price is $59.98.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a return on equity of 17.98% and a net margin of 7.91%. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. Analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on URBN. Telsey Advisory Group reissued a "market perform" rating and set a $72.00 price target on shares of Urban Outfitters in a research note on Wednesday, June 11th. Wells Fargo & Company reissued an "equal weight" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. UBS Group raised their price target on Urban Outfitters from $54.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and raised their price target for the stock from $50.00 to $70.00 in a research note on Friday, June 6th. Finally, Wall Street Zen raised Urban Outfitters from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

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.