Hussman Strategic Advisors Inc. Lowers Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Hussman Strategic Advisors Inc. decreased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 40.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,000 shares of the apparel retailer's stock after selling 42,000 shares during the period. Hussman Strategic Advisors Inc. owned about 0.07% of Urban Outfitters worth $2,248,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in URBN. Vanguard Group Inc. boosted its holdings in shares of Urban Outfitters by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,997,796 shares of the apparel retailer's stock worth $228,758,000 after buying an additional 159,644 shares during the period. Caxton Associates LP acquired a new position in shares of Urban Outfitters in the third quarter valued at approximately $744,000. Tudor Investment Corp Et Al grew its position in shares of Urban Outfitters by 2,657.9% in the third quarter. Tudor Investment Corp Et Al now owns 232,603 shares of the apparel retailer's stock valued at $7,604,000 after purchasing an additional 224,169 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Urban Outfitters during the third quarter worth approximately $11,442,000. Finally, Canada Pension Plan Investment Board lifted its holdings in Urban Outfitters by 56.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 42,600 shares of the apparel retailer's stock worth $1,393,000 after purchasing an additional 15,400 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Melanie Marein-Efron sold 6,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $40.72, for a total value of $244,320.00. Following the completion of the sale, the chief financial officer now owns 908 shares of the company's stock, valued at $36,973.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Melanie Marein-Efron sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total value of $244,320.00. Following the transaction, the chief financial officer now owns 908 shares in the company, valued at approximately $36,973.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters 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 transaction, the chief executive officer now directly owns 6,353 shares of the company's stock, valued at approximately $258,821.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,473 shares of company stock valued at $757,483. 31.80% of the stock is currently owned by company insiders.

Urban Outfitters Stock Down 0.1 %

Shares of URBN stock traded down $0.04 during mid-day trading on Friday, reaching $36.98. 1,497,641 shares of the stock traded hands, compared to its average volume of 1,556,006. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.59 and a beta of 1.53. The stock's fifty day simple moving average is $41.84 and its two-hundred day simple moving average is $38.17. Urban Outfitters, Inc. has a 1-year low of $25.52 and a 1-year high of $47.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The company's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 earnings per share. On average, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on URBN shares. Jefferies Financial Group cut Urban Outfitters from a "hold" rating to an "underperform" rating and lowered their price objective for the stock from $42.00 to $32.00 in a research report on Wednesday. UBS Group boosted their price objective on shares of Urban Outfitters from $41.00 to $42.00 and gave the company a "neutral" rating in a report on Tuesday, March 5th. BMO Capital Markets raised their target price on shares of Urban Outfitters from $38.00 to $42.00 and gave the stock a "market perform" rating in a report on Thursday, February 29th. StockNews.com downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. Finally, Telsey Advisory Group raised their target price on shares of Urban Outfitters from $44.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $39.67.

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.