Peregrine Capital Management LLC Sells 70,359 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Peregrine Capital Management LLC cut its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,588 shares of the apparel retailer's stock after selling 70,359 shares during the period. Peregrine Capital Management LLC owned 0.23% of Urban Outfitters worth $7,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in URBN. Captrust Financial Advisors lifted its position in Urban Outfitters by 148.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 916 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Urban Outfitters in the 2nd quarter valued at approximately $33,000. Castleview Partners LLC acquired a new stake in shares of Urban Outfitters in the 3rd quarter valued at approximately $39,000. Lazard Asset Management LLC acquired a new stake in shares of Urban Outfitters in the 2nd quarter valued at approximately $52,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Urban Outfitters by 20.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,374 shares of the apparel retailer's stock valued at $57,000 after acquiring an additional 400 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Urban Outfitters

In related news, CFO Melanie Marein-Efron sold 3,345 shares of the firm's 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 directly owns 6,908 shares of the company's stock, valued at $291,724.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Urban Outfitters news, insider Azeez Hayne sold 2,878 shares of the firm's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.75, for a total transaction of $117,278.50. Following the completion of the sale, the insider now owns 2,878 shares of the company's stock, valued at approximately $117,278.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Melanie Marein-Efron sold 3,345 shares of the firm's 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 sale, the chief financial officer now directly owns 6,908 shares of the company's stock, valued at approximately $291,724.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,473 shares of company stock valued at $757,483. 31.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Urban Outfitters Price Performance

Shares of URBN traded down $0.70 during mid-day trading on Wednesday, hitting $38.40. 1,146,880 shares of the company's stock were exchanged, compared to its average volume of 1,752,962. The company has a market cap of $3.58 billion, a PE ratio of 12.63, a P/E/G ratio of 0.63 and a beta of 1.53. Urban Outfitters, Inc. has a 52 week low of $25.52 and a 52 week high of $47.29. The company has a 50-day simple moving average of $42.26 and a 200 day simple moving average of $37.84.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued 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). Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business earned $0.39 earnings per share. Urban Outfitters's revenue was up 7.3% compared to the same quarter last year. On average, analysts anticipate that Urban Outfitters, Inc. will post 3.53 earnings per share for the current 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 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.