Tower Research Capital LLC TRC Sells 18,552 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Tower Research Capital LLC TRC reduced its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 73.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,610 shares of the apparel retailer's stock after selling 18,552 shares during the period. Tower Research Capital LLC TRC's holdings in Urban Outfitters were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of URBN. Friedenthal Financial bought a new stake in Urban Outfitters in the fourth quarter valued at $765,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Urban Outfitters by 1,016.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock worth $7,223,000 after purchasing an additional 119,820 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Urban Outfitters by 17,631.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer's stock worth $1,966,000 after purchasing an additional 35,615 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Urban Outfitters by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer's stock worth $38,754,000 after purchasing an additional 51,657 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Urban Outfitters by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock valued at $64,482,000 after buying an additional 60,697 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Price Performance

Shares of NASDAQ URBN traded down $0.81 during mid-day trading on Monday, hitting $53.70. The company's stock had a trading volume of 1,431,347 shares, compared to its average volume of 1,881,253. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $61.16. The company's fifty day simple moving average is $51.17 and its 200-day simple moving average is $50.04. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33.

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

Insider Buying and Selling

In related news, insider Azeez Hayne sold 11,676 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now owns 15,450 shares of the company's stock, valued at approximately $902,898. This represents a 34.95 % decrease in their position. 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 three months. Company insiders own 31.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. StockNews.com downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Robert W. Baird increased their target price on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Morgan Stanley upgraded Urban Outfitters from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. Finally, Citigroup reduced their price target on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One 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. According to MarketBeat.com, Urban Outfitters has a consensus rating of "Hold" and a consensus price target of $54.27.

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.