Marshall Wace LLP Sells 999,394 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Marshall Wace LLP cut its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 98.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,868 shares of the apparel retailer's stock after selling 999,394 shares during the period. Marshall Wace LLP's holdings in Urban Outfitters were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in URBN. Jones Financial Companies Lllp boosted its stake in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC boosted its stake in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after buying an additional 202 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Urban Outfitters by 315.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after buying an additional 1,125 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Urban Outfitters by 38.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock valued at $95,000 after buying an additional 470 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Urban Outfitters by 10.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after purchasing an additional 250 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Stock Up 1.1 %

URBN opened at $53.26 on Wednesday. The stock's fifty day moving average is $51.16 and its two-hundred day moving average is $49.62. The company has a market capitalization of $4.94 billion, a P/E ratio of 15.26, a PEG ratio of 1.02 and a beta of 1.37. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $61.16.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on URBN. Barclays raised their price objective on Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Robert W. Baird raised their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. StockNews.com lowered Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Morgan Stanley raised Urban Outfitters from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. Finally, Telsey Advisory Group raised their price objective on Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of "Hold" and an average target price of $55.18.

Insider Activity

In other news, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction on Monday, March 10th. The stock was sold at an average price of $53.94, for a total value of $539,400.00. Following the transaction, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. This trade represents a 44.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the transaction, the director now owns 15,450 shares in the company, valued at $902,898. This represents a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,976 shares of company stock worth $1,663,713. 31.80% of the stock is currently owned by company insiders.

About Urban Outfitters

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.

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