Urban Outfitters, Inc. (NASDAQ:URBN) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 11.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,140 shares of the apparel retailer’s stock after purchasing an additional 4,281 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Urban Outfitters were worth $2,203,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased 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 acquiring an additional 200 shares during the period. GAMMA Investing LLC grew its holdings 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 buying an additional 202 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock valued at $82,000 after acquiring an additional 1,125 shares in the last quarter. Asset Management One Co. Ltd. grew its position in 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Urban Outfitters by 10.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock valued at $146,000 after acquiring an additional 250 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Trading Down 0.1 %

Shares of NASDAQ URBN opened at $51.76 on Thursday. 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 of $50.95 and a two-hundred day moving average of $50.18. The company has a market cap of $4.80 billion, a PE ratio of 14.83, a P/E/G ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on URBN shares. Robert W. Baird increased their price objective 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 dropped their price target on Urban Outfitters from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday. Barclays upped their price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Telsey Advisory Group raised their target price on Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. cut their price target on shares of Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters presently has an average rating of “Hold” and a consensus price target of $54.18.

Insider Buying and Selling at Urban Outfitters

In related news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters 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 $902,898. This trade represents a 34.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tricia D. Smith sold 10,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 12,601 shares of the company’s stock, valued at approximately $679,697.94. This represents a 44.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,976 shares of company stock worth $1,663,713. Insiders own 31.60% of the company’s stock.

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.