Fisher Asset Management LLC Sells 138,359 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Fisher Asset Management LLC reduced its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,820,527 shares of the apparel retailer's stock after selling 138,359 shares during the period. Fisher Asset Management LLC owned about 1.96% of Urban Outfitters worth $64,975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of URBN. Cercano Management LLC purchased a new stake in shares of Urban Outfitters in the 4th quarter valued at approximately $18,815,000. Adage Capital Partners GP L.L.C. purchased a new position in Urban Outfitters in the third quarter worth $11,442,000. Assenagon Asset Management S.A. acquired a new stake in Urban Outfitters in the third quarter valued at $8,032,000. Tudor Investment Corp Et Al lifted its holdings in 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 acquiring an additional 224,169 shares during the period. Finally, Qube Research & Technologies Ltd grew its stake in shares of Urban Outfitters by 63.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 519,544 shares of the apparel retailer's stock worth $16,984,000 after purchasing an additional 201,821 shares during the period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group upped their target price on shares of Urban Outfitters from $41.00 to $42.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 5th. Telsey Advisory Group upped their target price on Urban Outfitters from $44.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, February 28th. StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. JPMorgan Chase & Co. dropped 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. Finally, BMO Capital Markets upped their price target on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a "market perform" rating in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $39.67.

Urban Outfitters Stock Performance

Urban Outfitters stock traded up $0.59 during trading on Friday, hitting $39.99. The company's stock had a trading volume of 1,275,622 shares, compared to its average volume of 1,620,212. The stock's fifty day moving average is $41.15 and its 200 day moving average is $38.59. Urban Outfitters, Inc. has a 1-year low of $26.30 and a 1-year high of $47.29. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.62 and a beta of 1.55.

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 (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. Urban Outfitters's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. On average, research analysts anticipate that Urban Outfitters, Inc. will post 3.51 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 6,250 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total transaction of $254,625.00. Following the sale, the chief executive officer now directly owns 6,353 shares of the company's stock, valued at $258,821.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 transaction of $117,278.50. Following the completion of the transaction, the insider now owns 2,878 shares in the company, valued at $117,278.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tricia D. Smith sold 6,250 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total value of $254,625.00. Following the transaction, the chief executive officer now owns 6,353 shares of the company's stock, valued at $258,821.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,473 shares of company stock valued at $757,483. Insiders own 31.80% of the company's stock.

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 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.