Urban Outfitters, Inc. $URBN Stock Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 574.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,151 shares of the apparel retailer's stock after purchasing an additional 76,780 shares during the quarter. Assenagon Asset Management S.A. owned 0.11% of Urban Outfitters worth $6,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in URBN. BlackRock Inc. acquired a new position in shares of Urban Outfitters in the second quarter worth about $615,160,000. Dimensional Fund Advisors LP grew its stake in Urban Outfitters by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer's stock valued at $273,274,000 after purchasing an additional 338,622 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Urban Outfitters by 23.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer's stock valued at $62,155,000 after purchasing an additional 189,454 shares in the last quarter. Bank of America Corp DE purchased a new stake in Urban Outfitters during the 2nd quarter worth approximately $33,414,000. Finally, Engineers Gate Manager LP increased its holdings in Urban Outfitters by 211.4% during the 2nd quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer's stock worth $30,344,000 after purchasing an additional 290,698 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on URBN shares. Citigroup reaffirmed a "neutral" rating on shares of Urban Outfitters in a research report on Friday, August 28th. Needham & Company LLC started coverage on Urban Outfitters in a research note on Friday. They set a "buy" rating and a $100.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $97.00 to $110.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 18th. Weiss Ratings upgraded shares of Urban Outfitters from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 22nd. Finally, Wall Street Zen cut shares of Urban Outfitters from a "buy" rating to a "hold" rating in a report on Monday, August 31st. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Urban Outfitters currently has an average rating of "Moderate Buy" and an average target price of $90.54.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 5,000 shares of the stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $87.06, for a total transaction of $435,300.00. Following the sale, the director directly owned 494,315 shares of the company's stock, valued at approximately $43,035,063.90. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Melanie Marein-Efron sold 5,700 shares of the firm's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the transaction, the chief financial officer owned 11,323 shares in the company, valued at approximately $914,332.25. The trade was a 33.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 14,200 shares of company stock valued at $1,161,400. Company insiders own 32.10% of the company's stock.

Urban Outfitters Trading Up 0.6%

Shares of URBN opened at $87.32 on Wednesday. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 1.36 and a beta of 1.24. The stock has a 50 day moving average of $78.76 and a 200-day moving average of $74.44. Urban Outfitters, Inc. has a 52 week low of $59.53 and a 52 week high of $90.59.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, meeting analysts' consensus estimates of $1.72. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 EPS. On average, sell-side analysts predict that Urban Outfitters, Inc. will post 6.20 earnings per share for the current fiscal year.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women's apparel, accessories, home goods and lifestyle merchandise.

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