Northern Trust Corp Boosts Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Northern Trust Corp grew its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 695,646 shares of the apparel retailer's stock after buying an additional 54,337 shares during the quarter. Northern Trust Corp owned 0.75% of Urban Outfitters worth $38,177,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after buying an additional 202 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Urban Outfitters by 10.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after buying an additional 250 shares in the last quarter. Natixis Advisors LLC grew its holdings in Urban Outfitters by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock worth $847,000 after acquiring an additional 252 shares during the period. Finally, Summit Investment Advisors Inc. raised its position in Urban Outfitters by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock worth $364,000 after acquiring an additional 351 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Trading Up 0.1 %

NASDAQ:URBN opened at $51.85 on Friday. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $61.16. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. The company's 50-day moving average is $50.71 and its two-hundred day moving average is $50.39.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. On average, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on URBN shares. Barclays upped their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Morgan Stanley dropped their target price on shares of Urban Outfitters from $63.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday. Robert W. Baird upped their price target on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Wells Fargo & Company reduced their price objective on Urban Outfitters from $65.00 to $55.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, Telsey Advisory Group upped their target price on Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Urban Outfitters currently has an average rating of "Hold" and an average price target of $54.18.

Insider Activity

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the sale, the director now owns 15,450 shares in the company, valued at $902,898. The trade was a 34.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. Insiders sold a total of 29,976 shares of company stock valued at $1,663,713 over the last quarter. Company insiders own 31.60% of the company's stock.

About Urban Outfitters

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.

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