Nuveen Asset Management LLC Has $29.37 Million Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Nuveen Asset Management LLC raised its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 34.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 535,245 shares of the apparel retailer's stock after buying an additional 136,780 shares during the quarter. Nuveen Asset Management LLC owned about 0.58% of Urban Outfitters worth $29,374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of URBN. Fuller & Thaler Asset Management Inc. raised its stake in Urban Outfitters by 183,272.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock valued at $60,079,000 after buying an additional 1,094,134 shares in the last quarter. Proficio Capital Partners LLC raised its stake in Urban Outfitters by 5,565.6% during the fourth quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer's stock valued at $48,038,000 after buying an additional 859,886 shares in the last quarter. Norges Bank acquired a new stake in Urban Outfitters during the fourth quarter valued at approximately $31,605,000. Wealthfront Advisers LLC acquired a new stake in Urban Outfitters during the fourth quarter valued at approximately $21,140,000. Finally, Trexquant Investment LP raised its stake in Urban Outfitters by 132.4% during the fourth quarter. Trexquant Investment LP now owns 335,251 shares of the apparel retailer's stock valued at $18,399,000 after buying an additional 191,020 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Wall Street Analysts Forecast Growth

URBN has been the subject of several recent research reports. Bank of America upped their target price on Urban Outfitters from $70.00 to $80.00 and gave the company a "buy" rating in a report on Thursday. BMO Capital Markets set a $76.00 target price on Urban Outfitters and gave the company a "market perform" rating in a report on Thursday. Wall Street Zen raised Urban Outfitters from a "hold" rating to a "buy" rating in a report on Tuesday. Jefferies Financial Group reaffirmed an "underperform" rating and set a $46.00 target price (up from $42.00) on shares of Urban Outfitters in a report on Wednesday. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $72.00 target price (up from $59.00) on shares of Urban Outfitters in a report on Thursday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Urban Outfitters has a consensus rating of "Hold" and an average price target of $67.45.

Urban Outfitters Trading Down 1.3%

URBN traded down $0.93 during trading hours on Friday, hitting $72.28. The company's stock had a trading volume of 4,370,344 shares, compared to its average volume of 1,944,811. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $73.68. The firm has a market capitalization of $6.70 billion, a PE ratio of 20.71, a PEG ratio of 1.02 and a beta of 1.33. The company has a 50-day simple moving average of $52.83 and a 200 day simple moving average of $52.26.

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

Insider Activity

In other news, insider Azeez Hayne sold 11,676 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the firm's stock in a transaction 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 directly owns 15,450 shares of the company's stock, valued at approximately $902,898. This trade represents a 34.95% 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 worth $1,663,713. 31.60% of the stock is owned by company 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.