Duality Advisers LP Has $698,000 Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Duality Advisers LP decreased its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 64.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,558 shares of the apparel retailer's stock after selling 35,021 shares during the period. Duality Advisers LP's holdings in Urban Outfitters were worth $698,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Urban Outfitters by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,997,796 shares of the apparel retailer's stock worth $228,758,000 after acquiring an additional 159,644 shares during the period. Caxton Associates LP purchased a new position in shares of Urban Outfitters in the 3rd quarter valued at about $744,000. Tudor Investment Corp Et Al increased its holdings in shares of Urban Outfitters by 2,657.9% in the 3rd 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 in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Urban Outfitters in the 3rd quarter valued at about $11,442,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Urban Outfitters by 56.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 42,600 shares of the apparel retailer's stock valued at $1,393,000 after purchasing an additional 15,400 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Insider Activity

In related news, CFO Melanie Marein-Efron sold 3,345 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now owns 6,908 shares of the company's stock, valued at $291,724.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Urban Outfitters news, insider Azeez Hayne sold 2,878 shares of the company's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $40.75, for a total value of $117,278.50. Following the completion of the sale, the insider now directly owns 2,878 shares of the company's stock, valued at approximately $117,278.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Melanie Marein-Efron sold 3,345 shares of the company's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $42.23, for a total transaction of $141,259.35. Following the completion of the sale, the chief financial officer now directly 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 quarter, insiders sold 18,473 shares of company stock valued at $757,483. 31.80% of the stock is currently owned by company insiders.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN traded down $0.41 during midday trading on Thursday, reaching $38.78. The company had a trading volume of 861,810 shares, compared to its average volume of 1,752,048. Urban Outfitters, Inc. has a one year low of $25.52 and a one year high of $47.29. The stock's fifty day moving average price is $41.61 and its 200-day moving average price is $38.28. The stock has a market capitalization of $3.62 billion, a P/E ratio of 12.76, a PEG ratio of 0.62 and a beta of 1.53.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its 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 net margin of 5.58% and a return on equity of 15.32%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $0.39 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts forecast that Urban Outfitters, Inc. will post 3.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. UBS Group raised their target price 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. StockNews.com downgraded shares of Urban Outfitters from a "buy" rating to a "hold" rating in a report on Friday, March 1st. BMO Capital Markets lifted their price target 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. JPMorgan Chase & Co. lowered their price target 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. Finally, Jefferies Financial Group downgraded shares of Urban Outfitters from a "hold" rating to an "underperform" rating and lowered their price target for the stock from $42.00 to $32.00 in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $39.67.

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.