Trexquant Investment LP Reduces Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Trexquant Investment LP trimmed its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 31.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,848 shares of the apparel retailer's stock after selling 74,231 shares during the period. Trexquant Investment LP owned about 0.18% of Urban Outfitters worth $5,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spire Wealth Management boosted its holdings in Urban Outfitters by 3,700.0% in the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer's stock worth $41,000 after buying an additional 1,110 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Urban Outfitters in the third quarter valued at $81,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Urban Outfitters during the 3rd quarter valued at $112,000. Headlands Technologies LLC purchased a new stake in Urban Outfitters during the 4th quarter worth about $150,000. Finally, CI Investments Inc. bought a new position in Urban Outfitters in the 3rd quarter worth about $159,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Stock Down 4.6 %

Shares of URBN stock traded down $1.90 during mid-day trading on Wednesday, reaching $39.42. 5,889,797 shares of the company's stock traded hands, compared to its average volume of 1,743,777. The company's 50-day moving average price is $40.84 and its 200-day moving average price is $39.26. The company has a market cap of $3.68 billion, a P/E ratio of 12.97, a P/E/G ratio of 0.65 and a beta of 1.55. Urban Outfitters, Inc. has a 12 month low of $26.45 and a 12 month high of $47.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.20. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $0.56 EPS. Urban Outfitters's quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts predict that Urban Outfitters, Inc. will post 3.53 earnings per share for the current year.

Analysts Set New Price Targets

URBN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on Urban Outfitters from $46.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. Jefferies Financial Group raised their price target on Urban Outfitters from $32.00 to $35.00 and gave the company an "underperform" rating in a report on Wednesday. Barclays boosted their price objective on Urban Outfitters from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday. Telsey Advisory Group upped their price objective on shares of Urban Outfitters from $48.00 to $49.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Robert W. Baird lifted their target price on shares of Urban Outfitters from $48.00 to $50.00 and gave the company a "neutral" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $41.33.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 6,250 shares of the firm'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 transaction of $254,625.00. Following the completion of the transaction, the chief executive officer now owns 6,353 shares in the company, valued at approximately $258,821.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Urban Outfitters news, 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 completion of the sale, the chief executive officer now directly owns 6,353 shares of the company's stock, valued at approximately $258,821.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Melanie Marein-Efron sold 3,345 shares of the business's stock in a transaction on Friday, March 8th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 18,473 shares of company stock worth $757,483 in the last three months. 31.80% of the stock is currently owned by company insiders.

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.