T. Rowe Price Investment Management Inc. Trims Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

T. Rowe Price Investment Management Inc. lessened its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 7.7% during the 4th quarter, Holdings Channel reports. The firm owned 891,609 shares of the apparel retailer’s stock after selling 74,349 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Urban Outfitters were worth $48,932,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of URBN. Jones Financial Companies Lllp increased its holdings in Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after buying an additional 200 shares during the period. GAMMA Investing LLC raised 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 worth $42,000 after purchasing an additional 202 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Urban Outfitters by 315.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock valued at $82,000 after purchasing an additional 1,125 shares during the period. Asset Management One Co. Ltd. lifted 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 during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Urban Outfitters by 10.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock valued at $146,000 after purchasing an additional 250 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Urban Outfitters

In other news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction on Monday, March 3rd. The stock was 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 in the company, valued at $902,898. The trade was a 34.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction that occurred on 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 29,976 shares of company stock valued at $1,663,713 over the last 90 days. 31.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on URBN. Wells Fargo & Company boosted their price objective on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup dropped their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird raised their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Finally, UBS Group increased their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.18.

Urban Outfitters Trading Up 1.1 %

URBN stock opened at $51.41 on Friday. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $61.16. The business’s 50-day moving average is $51.25 and its 200 day moving average is $49.30. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. As a group, equities analysts forecast 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.