Two Sigma Investments LP Purchases 7,133 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Two Sigma Investments LP lifted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 50.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,302 shares of the apparel retailer's stock after buying an additional 7,133 shares during the quarter. Two Sigma Investments LP's holdings in Urban Outfitters were worth $1,169,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Fisher Asset Management LLC lifted its position in shares of Urban Outfitters by 5.6% in the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer's stock worth $120,122,000 after buying an additional 115,390 shares during the last quarter. American Century Companies Inc. lifted its position in Urban Outfitters by 9.0% in the 4th quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer's stock valued at $114,653,000 after purchasing an additional 173,082 shares during the last quarter. Junto Capital Management LP lifted its position in Urban Outfitters by 0.9% in the 4th quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer's stock valued at $81,422,000 after purchasing an additional 13,820 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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. lifted its position in 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.

Urban Outfitters Stock Performance

Shares of URBN stock traded up $0.31 during trading on Friday, hitting $70.02. 1,883,302 shares of the company were exchanged, compared to its average volume of 1,980,340. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.02 and a beta of 1.45. The business's 50-day simple moving average is $56.92 and its 200 day simple moving average is $54.84. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $75.80.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on URBN shares. Jefferies Financial Group upgraded shares of Urban Outfitters from an "underperform" rating to a "hold" rating and lifted their price objective for the company from $50.00 to $70.00 in a research report on Friday. Citigroup cut their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $63.00 to $78.00 in a research report on Thursday, May 22nd. Bank of America boosted their price target on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, UBS Group boosted their price target on shares of Urban Outfitters from $54.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Urban Outfitters presently has a consensus rating of "Hold" and an average target price of $71.55.

Insider Activity at Urban Outfitters

In related news, insider Margaret Hayne sold 80,000 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 100 shares in the company, valued at $7,259. This represents a 99.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. Insiders have sold 176,332 shares of company stock worth $12,497,479 in the last ninety days. Company insiders own 31.60% of the company's stock.

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.