Assenagon Asset Management S.A. Sells 168,291 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Assenagon Asset Management S.A. lessened its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 68.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,407 shares of the apparel retailer's stock after selling 168,291 shares during the quarter. Assenagon Asset Management S.A. owned about 0.08% of Urban Outfitters worth $2,763,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Urban Outfitters by 10.2% during the first quarter. JPMorgan Chase & Co. now owns 334,511 shares of the apparel retailer's stock worth $8,400,000 after acquiring an additional 30,879 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Urban Outfitters by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 19,483 shares of the apparel retailer's stock valued at $490,000 after buying an additional 625 shares during the period. Natixis Advisors L.P. bought a new stake in Urban Outfitters in the first quarter worth $254,000. MetLife Investment Management LLC boosted its stake in Urban Outfitters by 40.6% during the first quarter. MetLife Investment Management LLC now owns 78,323 shares of the apparel retailer's stock worth $1,967,000 after buying an additional 22,600 shares during the period. Finally, Rhumbline Advisers increased its position in Urban Outfitters by 3.2% during the first quarter. Rhumbline Advisers now owns 192,880 shares of the apparel retailer's stock valued at $4,843,000 after acquiring an additional 5,917 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Insider Buying and Selling

In other news, CEO Tricia D. Smith sold 6,250 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total transaction of $254,625.00. Following the completion of the transaction, the chief executive officer now directly owns 6,353 shares in the company, valued at approximately $258,821.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Tricia D. Smith sold 6,250 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total value of $254,625.00. Following the completion of the transaction, the chief executive officer now owns 6,353 shares of the company's stock, valued at $258,821.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Melanie Marein-Efron sold 3,345 shares of Urban Outfitters stock in a transaction on Friday, March 8th. The shares were sold at an average price of $42.23, for a total value of $141,259.35. Following the completion of the transaction, the chief financial officer now owns 6,908 shares of the company's stock, valued at $291,724.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,473 shares of company stock worth $757,483. Insiders own 31.90% of the company's stock.

Urban Outfitters Stock Performance

Shares of URBN traded down $1.12 during trading hours on Wednesday, hitting $41.91. The stock had a trading volume of 1,832,445 shares, compared to its average volume of 1,759,993. The firm has a 50-day moving average price of $42.20 and a 200 day moving average price of $37.58. Urban Outfitters, Inc. has a fifty-two week low of $25.52 and a fifty-two week high of $47.29. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.71 and a beta of 1.53.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.04). The business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.50 billion. Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. Urban Outfitters's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, analysts predict that Urban Outfitters, Inc. will post 3.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Urban Outfitters from $46.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, February 28th. Telsey Advisory Group boosted their target price on Urban Outfitters from $44.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday, February 28th. UBS Group increased their target price on Urban Outfitters from $41.00 to $42.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 5th. StockNews.com downgraded shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Friday, March 1st. Finally, BMO Capital Markets lifted their target price on Urban Outfitters from $38.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday, February 29th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Urban Outfitters currently has a consensus rating of "Hold" and an average price target of $39.58.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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.