Urban Outfitters, Inc. (NASDAQ:URBN) Shares Bought by Amundi

Amundi lifted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 850.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,191 shares of the apparel retailer’s stock after buying an additional 30,593 shares during the quarter. Amundi’s holdings in Urban Outfitters were worth $1,952,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its position in Urban Outfitters by 1.1% in the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock worth $107,244,000 after buying an additional 31,100 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Urban Outfitters by 5.6% in the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock worth $120,122,000 after acquiring an additional 115,390 shares during the period. Geode Capital Management LLC lifted its position in Urban Outfitters by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after purchasing an additional 18,249 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Urban Outfitters by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock valued at $64,482,000 after purchasing an additional 60,697 shares during the period. Finally, Proficio Capital Partners LLC grew 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 worth $48,038,000 after purchasing an additional 859,886 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on URBN shares. Robert W. Baird boosted their price objective on Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Wells Fargo & Company raised their price target on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Bank of America lifted their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, UBS Group increased their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.00.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, insider Azeez Hayne sold 11,676 shares of the firm’s stock in a transaction dated 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 can be accessed through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the transaction, the director now directly owns 510,296 shares in the company, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,976 shares of company stock worth $5,573,263 in the last quarter. 31.80% of the stock is owned by company insiders.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN opened at $49.14 on Tuesday. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The company has a 50 day moving average price of $55.45 and a 200 day moving average price of $46.77.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data 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. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. On average, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

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.