Marshall Wace LLP Has $1.09 Million Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Marshall Wace LLP lessened its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 98.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of URBN. Jones Financial Companies Lllp boosted its holdings in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after purchasing an additional 202 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Urban Outfitters by 315.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after buying an additional 1,125 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Urban Outfitters by 38.2% in 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 period. Finally, Steward Partners Investment Advisory LLC boosted its stake in Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on URBN shares. Morgan Stanley raised shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Telsey Advisory Group increased their price objective on Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. decreased their target price on Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, UBS Group upped their target price on Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $54.27.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,601 shares in the company, valued at $679,697.94. The trade was a 44.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction that occurred 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 transaction, the director now owns 15,450 shares in the company, valued at $902,898. This represents a 34.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,976 shares of company stock worth $1,663,713 over the last 90 days. 31.60% of the stock is currently owned by corporate insiders.

Urban Outfitters Trading Up 0.2 %

NASDAQ:URBN traded up $0.11 on Monday, hitting $54.62. 109,310 shares of the company's stock traded hands, compared to its average volume of 1,876,085. The firm has a 50-day moving average price of $51.17 and a 200-day moving average price of $50.04. The company has a market cap of $5.06 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. On average, research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

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.