2 days Ago By ABMN Staff
Russell Investments Group Ltd. cut its holdings in Urban Outfitters, Inc. ( NASDAQ:URBN – Free Report ) by 5.
5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 65,618 shares of the apparel retailer’s stock after selling 3,855 shares during the quarter. Russell Investments Group Ltd.
’s holdings in Urban Outfitters were worth $3,601,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc.
boosted its position in Urban Outfitters by 4.2% in the fourth quarter. Envestnet Asset Management Inc.
now owns 15,784 shares of the apparel retailer’s stock valued at $866,000 after buying an additional 638 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Urban Outfitters by 186.2% during the 4th quarter.
Dynamic Technology Lab Private Ltd now owns 24,474 shares of the apparel retailer’s stock valued at $1,344,000 after buying an additional 15,924 shares in the last quarter. Landscape Capital Management L.L.
C. purchased a new position in Urban Outfitters during the fourth quarter valued at $5,224,000. Trexquant Investment LP boosted its holdings in Urban Outfitters by 132.
4% in the 4th 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 during the last quarter. Finally, Franklin Resources Inc.
increased its position in shares of Urban Outfitters by 94.2% during the fourth quarter. Franklin Resources Inc.
now owns 69,305 shares of the apparel retailer’s stock worth $3,803,000 after purchasing an additional 33,619 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.
Urban Outfitters Trading Down 1.3 % Shares of NASDAQ URBN opened at $47.70 on Thursday.
The stock has a market cap of $4.42 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.
02 and a beta of 1.37. The stock has a 50 day moving average of $52.
13 and a two-hundred day moving average of $48.67. Urban Outfitters, Inc.
has a twelve month low of $33.86 and a twelve month high of $61.16.
Analyst Ratings Changes A number of research firms have commented on URBN. Wells Fargo & Company increased their price objective on shares of Urban Outfitters from $60.00 to $65.
00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Barclays upped their price target on Urban Outfitters from $63.00 to $68.
00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Telsey Advisory Group lifted their price objective on shares of Urban Outfitters from $56.00 to $59.
00 and gave the company a “market perform” rating in a report on Thursday, February 27th. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $41.00 to $63.
00 in a report on Tuesday, January 21st. Finally, StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, April 11th.
One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and an average target price of $55.18.
View Our Latest Report on Urban Outfitters Insider Buying and Selling In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction on Tuesday, January 21st.
The stock was sold at an average price of $50.50, for a total transaction of $757,500.00.
Following the completion of the transaction, the director now owns 495,296 shares of the company’s stock, valued at $25,012,448. The trade was a 2.94 % decrease in their position.
The transaction was disclosed in a filing with the SEC, which is available through this hyperlink . Also, insider Azeez Hayne sold 11,676 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $54.
75, for a total transaction of $639,261.00. The disclosure for this sale can be found here .
Insiders sold 44,976 shares of company stock valued at $2,421,213 over the last ninety days. Corporate 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.
Read More Want to see what other hedge funds are holding URBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Outfitters, Inc. ( NASDAQ:URBN – Free Report ).
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