Two Sigma Advisers LP Reduces Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Two Sigma Advisers LP trimmed its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,500 shares of the apparel retailer's stock after selling 12,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.11% of Urban Outfitters worth $5,406,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC grew its holdings in Urban Outfitters by 5.6% during the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer's stock worth $120,122,000 after acquiring an additional 115,390 shares during the last quarter. American Century Companies Inc. grew its holdings in Urban Outfitters by 9.0% during the 4th quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer's stock worth $114,653,000 after acquiring an additional 173,082 shares during the last quarter. Junto Capital Management LP grew its holdings in Urban Outfitters by 0.9% during the 4th quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer's stock worth $81,422,000 after acquiring an additional 13,820 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 60,697 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Urban Outfitters by 183,272.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock valued at $60,079,000 after purchasing an additional 1,094,134 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Down 0.7%

Shares of NASDAQ:URBN traded down $0.52 during midday trading on Wednesday, reaching $74.74. The company's stock had a trading volume of 1,965,037 shares, compared to its average volume of 1,949,728. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $76.68. The firm has a 50 day moving average of $53.81 and a 200-day moving average of $52.87. The firm has a market capitalization of $6.93 billion, a P/E ratio of 21.42, a PEG ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, beating the consensus estimate of $0.81 by $0.35. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $0.69 EPS. Urban Outfitters's revenue for the quarter was up 10.7% on a year-over-year basis. On average, research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analyst Weigh In

URBN has been the topic of several research analyst reports. Bank of America increased their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Jefferies Financial Group reissued an "underperform" rating and set a $46.00 target price (up from $42.00) on shares of Urban Outfitters in a research note on Wednesday, May 21st. Wells Fargo & Company reissued an "equal weight" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $63.00 to $78.00 in a research note on Thursday, May 22nd. Finally, Glj Research reissued a "sell" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $69.36.

Insider Activity at Urban Outfitters

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the sale, the director now owns 15,450 shares of the company's stock, valued at $902,898. This trade represents a 34.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tricia D. Smith sold 10,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the sale, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. The trade was a 44.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,976 shares of company stock valued at $1,663,713. 31.60% of the stock is owned by insiders.

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.