BlackRock Advisors LLC cut its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 92.1% during the third quarter, Holdings Channel reports. The fund owned 104,137 shares of the apparel retailer’s stock after selling 1,209,410 shares during the period. BlackRock Advisors LLC’s holdings in Urban Outfitters were worth $3,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in Urban Outfitters by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,065,645 shares of the apparel retailer’s stock worth $441,804,000 after buying an additional 1,388,672 shares during the last quarter. AQR Capital Management LLC boosted its position in Urban Outfitters by 78.5% in the second quarter. AQR Capital Management LLC now owns 2,924,749 shares of the apparel retailer’s stock worth $80,430,000 after buying an additional 1,286,540 shares during the last quarter. Numeric Investors LLC boosted its position in Urban Outfitters by 286.0% in the second quarter. Numeric Investors LLC now owns 998,300 shares of the apparel retailer’s stock worth $27,453,000 after buying an additional 739,700 shares during the last quarter. Acadian Asset Management LLC boosted its position in Urban Outfitters by 3,162.4% in the third quarter. Acadian Asset Management LLC now owns 631,765 shares of the apparel retailer’s stock worth $21,810,000 after buying an additional 612,400 shares during the last quarter. Finally, FMR LLC boosted its position in Urban Outfitters by 12.6% in the second quarter. FMR LLC now owns 5,023,957 shares of the apparel retailer’s stock worth $138,159,000 after buying an additional 563,409 shares during the last quarter. 76.83% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) traded up 0.56% on Friday, reaching $27.17. 630,928 shares of the company were exchanged. Urban Outfitters, Inc. has a 12-month low of $20.06 and a 12-month high of $40.80. The firm has a 50-day moving average of $31.71 and a 200 day moving average of $32.71. The firm has a market capitalization of $3.16 billion, a P/E ratio of 14.12 and a beta of 0.63.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.04. Urban Outfitters had a net margin of 6.42% and a return on equity of 18.88%. The firm had revenue of $862.50 million for the quarter. During the same quarter last year, the firm posted $0.42 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. On average, equities analysts predict that Urban Outfitters, Inc. will post $1.92 earnings per share for the current year.

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Several analysts recently issued reports on the company. Vetr lowered Urban Outfitters from a “buy” rating to a “strong sell” rating and set a $33.77 target price on the stock. in a report on Tuesday, November 15th. Jefferies Group set a $45.00 target price on Urban Outfitters and gave the stock a “buy” rating in a report on Monday, October 24th. Wunderlich upgraded Urban Outfitters from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Thursday, November 10th. FBR & Co reiterated a “market perform” rating and set a $31.00 target price on shares of Urban Outfitters in a report on Saturday, November 26th. Finally, Wedbush set a $34.00 target price on Urban Outfitters and gave the stock a “hold” rating in a report on Friday, November 25th. Twenty-one equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $35.62.

In other news, General Counsel Azeez Hayne sold 6,260 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $39.95, for a total transaction of $250,087.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 24.30% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

5 Day Chart for NASDAQ:URBN

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