Urban Outfitters, Inc. (NASDAQ:URBN) Shares Acquired by Systematic Financial Management LP

Systematic Financial Management LP increased its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 756,409 shares of the apparel retailer's stock after acquiring an additional 34,677 shares during the period. Urban Outfitters makes up about 1.1% of Systematic Financial Management LP's holdings, making the stock its 19th largest holding. Systematic Financial Management LP owned about 0.82% of Urban Outfitters worth $41,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. grew its position in Urban Outfitters by 183,272.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock worth $60,079,000 after purchasing an additional 1,094,134 shares during the last quarter. Proficio Capital Partners LLC increased its position in Urban Outfitters by 5,565.6% in the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer's stock valued at $48,038,000 after acquiring an additional 859,886 shares during the period. Norges Bank purchased a new stake in Urban Outfitters during the 4th quarter valued at approximately $31,605,000. Wealthfront Advisers LLC purchased a new stake in Urban Outfitters during the 4th quarter valued at approximately $21,140,000. Finally, Silvercrest Asset Management Group LLC acquired a new stake in Urban Outfitters during the 4th quarter worth approximately $11,424,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

URBN has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Urban Outfitters from $50.00 to $63.00 and gave the company a "neutral" rating in a report on Monday. Citigroup dropped their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. UBS Group upped their price objective on shares of Urban Outfitters from $45.00 to $54.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. StockNews.com raised shares of Urban Outfitters from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, Barclays boosted their price target on shares of Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters presently has an average rating of "Hold" and an average target price of $55.27.

Insider Buying and Selling

In other news, CEO Tricia D. Smith sold 10,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $53.94, for a total value of $539,400.00. Following the sale, the chief executive officer now directly owns 12,601 shares in the company, valued at $679,697.94. This represents a 44.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the transaction, the director now owns 15,450 shares of the company's stock, valued at $902,898. This represents a 34.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,976 shares of company stock valued at $1,663,713. 31.60% of the stock is owned by insiders.

Urban Outfitters Stock Performance

URBN stock traded down $0.08 during trading on Tuesday, reaching $61.34. 2,977,790 shares of the company were exchanged, compared to its average volume of 1,917,733. The stock's 50 day moving average price is $51.43 and its 200 day moving average price is $51.63. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $63.21. The company has a market cap of $5.68 billion, a P/E ratio of 17.58, a PEG ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.15. The company had revenue of $1.64 billion during 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%. As a group, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

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.