Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lowered its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 16.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,582 shares of the apparel retailer's stock after selling 25,040 shares during the period. Peregrine Capital Management LLC owned 0.14% of Urban Outfitters worth $6,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of URBN. Whipplewood Advisors LLC grew its position in shares of Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after buying an additional 463 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Urban Outfitters in the first quarter worth $52,000. GAMMA Investing LLC increased its position in shares of Urban Outfitters by 34.7% during the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after purchasing an additional 263 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Urban Outfitters by 315.1% during the fourth 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. Institutional investors own 77.61% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Baird R W upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Morgan Stanley raised their price target on Urban Outfitters from $62.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. UBS Group upped their price objective on shares of Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. Robert W. Baird upgraded shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, June 11th. Finally, JPMorgan Chase & Co. raised shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $63.00 to $78.00 in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $74.09.

Urban Outfitters Trading Up 1.4%

Shares of URBN stock traded up $1.05 during trading hours on Tuesday, hitting $73.59. The company's stock had a trading volume of 1,481,441 shares, compared to its average volume of 1,988,339. The stock has a market cap of $6.60 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.17 and a beta of 1.45. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $75.80. The company has a 50 day moving average of $63.74 and a 200 day moving average of $57.18.

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

Insider Activity

In related news, CFO Melanie Marein-Efron sold 20,000 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total transaction of $1,467,200.00. Following the completion of the transaction, the chief financial officer directly owned 5,036 shares in the company, valued at approximately $369,440.96. This trade represents a 79.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the company's stock in a transaction that occurred 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 sale, the director owned 480,296 shares in the company, valued at approximately $35,613,948.40. This represents a 6.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,156 shares of company stock valued at $11,636,158 over the last 90 days. Company insiders own 31.80% of the company's stock.

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.