XTX Topco Ltd cut its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 83.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,286 shares of the apparel retailer's stock after selling 21,141 shares during the period. XTX Topco Ltd's holdings in Urban Outfitters were worth $235,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of 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 buying an additional 200 shares during the last quarter. GAMMA Investing LLC increased its position in 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 acquiring an additional 202 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Urban Outfitters by 315.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after acquiring an additional 1,125 shares during the last quarter. Asset Management One Co. Ltd. lifted its position 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 worth $95,000 after purchasing an additional 470 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew 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 last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Citigroup reduced their price objective on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Telsey Advisory Group upped their price target on Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. UBS Group raised their price target on Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, January 10th. StockNews.com cut Urban Outfitters from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, Robert W. Baird raised their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Urban Outfitters has a consensus rating of "Hold" and a consensus target price of $54.27.
Read Our Latest Stock Analysis on URBN
Urban Outfitters Trading Up 2.0 %
Shares of NASDAQ:URBN traded up $1.05 during mid-day trading on Friday, reaching $53.88. The stock had a trading volume of 147,732 shares, compared to its average volume of 1,873,403. The firm has a 50 day simple moving average of $51.14 and a two-hundred day simple moving average of $49.75. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $61.16. The firm has a market cap of $4.99 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.
Insider Buying and Selling at Urban Outfitters
In other news, insider Azeez Hayne sold 11,676 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction on Monday, March 3rd. The stock was 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 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. Company insiders own 31.80% of the company's stock.
About Urban Outfitters
(
Free Report)
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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