Wedge Capital Management L L P NC Decreases Stake in Urban Outfitters, Inc. $URBN

Wedge Capital Management L L P NC lessened its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,326 shares of the apparel retailer’s stock after selling 52,763 shares during the quarter. Wedge Capital Management L L P NC owned about 0.48% of Urban Outfitters worth $32,161,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Urban Outfitters by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock valued at $262,578,000 after purchasing an additional 142,909 shares in the last quarter. American Century Companies Inc. lifted its position in Urban Outfitters by 23.1% during the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after purchasing an additional 540,877 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Urban Outfitters by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock worth $131,997,000 after buying an additional 50,837 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of Urban Outfitters by 59.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock valued at $93,366,000 after buying an additional 477,909 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of Urban Outfitters by 900.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock valued at $69,287,000 after acquiring an additional 873,008 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $74.94, for a total transaction of $799,384.98. Following the transaction, the chief executive officer directly owned 17,750,597 shares of the company’s stock, valued at approximately $1,330,229,739.18. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 353,517 shares of company stock valued at $25,933,130. 31.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. The Goldman Sachs Group began coverage on Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a research report on Thursday, February 26th. Finally, Robert W. Baird set a $93.00 target price on shares of Urban Outfitters in a research note on Wednesday, December 17th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.25.

Urban Outfitters Stock Down 1.3%

Shares of Urban Outfitters stock opened at $61.21 on Friday. The stock’s fifty day moving average is $67.45 and its two-hundred day moving average is $70.16. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $84.35. The company has a market capitalization of $5.49 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.20 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.19. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.79 billion. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Urban Outfitters Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.