T. Rowe Price Investment Management Inc. Reduces Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

T. Rowe Price Investment Management Inc. reduced its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 7.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 891,609 shares of the apparel retailer's stock after selling 74,349 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.97% of Urban Outfitters worth $48,932,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in shares of Urban Outfitters by 61.5% during 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 boosted its stake in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after purchasing an additional 202 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Urban Outfitters by 315.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after purchasing an additional 1,125 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Urban Outfitters by 38.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock valued at $95,000 after purchasing an additional 470 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after purchasing an additional 250 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on URBN shares. Barclays upped their price objective 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. 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. Telsey Advisory Group lifted their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. Robert W. Baird lifted their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $54.27.

Urban Outfitters Price Performance

NASDAQ URBN traded up $0.26 on Thursday, hitting $53.04. The stock had a trading volume of 642,611 shares, compared to its average volume of 1,873,588. The business's fifty day moving average price is $51.16 and its 200 day moving average price is $49.64. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37.

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 for the quarter, beating analysts' consensus estimates of $0.89 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the sale, the director now directly owns 15,450 shares of the company's stock, valued at $902,898. This represents a 34.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tricia D. Smith sold 10,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 29,976 shares of company stock valued at $1,663,713. 31.80% of the stock is owned by 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.