Lazard Asset Management LLC Acquires 21,477 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Lazard Asset Management LLC raised its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 61.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,700 shares of the apparel retailer's stock after acquiring an additional 21,477 shares during the quarter. Lazard Asset Management LLC owned 0.06% of Urban Outfitters worth $3,110,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of URBN. Fuller & Thaler Asset Management Inc. grew its position in Urban Outfitters by 183,272.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock valued at $60,079,000 after acquiring an additional 1,094,134 shares in the last quarter. Proficio Capital Partners LLC grew its position in Urban Outfitters by 5,565.6% in the fourth 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 in the last quarter. Norges Bank acquired a new stake in shares of Urban Outfitters during the fourth quarter worth approximately $31,605,000. Wealthfront Advisers LLC acquired a new stake in shares of Urban Outfitters during the fourth quarter worth approximately $21,140,000. Finally, Trexquant Investment LP grew its position in shares of Urban Outfitters by 132.4% during the fourth quarter. Trexquant Investment LP now owns 335,251 shares of the apparel retailer's stock worth $18,399,000 after buying an additional 191,020 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Insider Buying and Selling at Urban Outfitters

In other news, insider Azeez Hayne sold 11,676 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the company's stock in a transaction on Monday, March 3rd. The shares were 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. This trade represents a 34.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,976 shares of company stock valued at $1,663,713 in the last 90 days. 31.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on URBN shares. Robert W. Baird raised their price objective on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Telsey Advisory Group reiterated a "market perform" rating and issued a $59.00 target price on shares of Urban Outfitters in a research note on Friday. Barclays raised their target price on Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on Urban Outfitters from $50.00 to $63.00 and gave the company a "neutral" rating in a research note on Monday. Finally, StockNews.com cut Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $55.27.

Urban Outfitters Stock Down 0.1%

NASDAQ URBN traded down $0.08 during trading on Tuesday, hitting $61.34. The company's stock had a trading volume of 2,977,790 shares, compared to its average volume of 1,918,781. The firm has a 50 day moving average price of $51.43 and a 200 day moving average price of $51.63. The firm has a market cap of $5.68 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $63.21.

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

Urban Outfitters 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.