ProShare Advisors LLC Has $1.04 Million Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

ProShare Advisors LLC boosted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 43.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,945 shares of the apparel retailer's stock after acquiring an additional 5,717 shares during the period. ProShare Advisors LLC's holdings in Urban Outfitters were worth $1,040,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in URBN. Allspring Global Investments Holdings LLC increased its position in shares of 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 purchasing an additional 119,820 shares during the period. Bank of New York Mellon Corp increased its holdings in Urban Outfitters by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer's stock valued at $38,754,000 after buying an additional 51,657 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Urban Outfitters by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock valued at $64,482,000 after buying an additional 60,697 shares in the last quarter. Amundi lifted its stake in Urban Outfitters by 850.3% during the fourth quarter. Amundi now owns 34,191 shares of the apparel retailer's stock worth $1,952,000 after purchasing an additional 30,593 shares during the period. Finally, Norges Bank bought a new position in shares of Urban Outfitters during the 4th quarter worth approximately $31,605,000. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Stock Down 1.1%

Shares of URBN traded down $0.82 on Wednesday, hitting $74.44. The company's stock had a trading volume of 402,642 shares, compared to its average volume of 1,943,773. The firm's fifty day moving average price is $53.81 and its 200-day moving average price is $52.87. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $76.68. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In other news, 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 of the company's stock, valued at approximately $902,898. This represents a 34.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction on Tuesday, March 11th. The shares were 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. Insiders sold 29,976 shares of company stock valued at $1,663,713 over the last three months. Company insiders own 31.60% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Morgan Stanley raised their target price on Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Robert W. Baird boosted their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Barclays increased their price target on shares of Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Citigroup reduced their price objective on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Wall Street Zen raised Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $69.36.

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.