Blueshift Asset Management LLC Has $1.29 Million Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Blueshift Asset Management LLC lowered its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 33.7% during the third quarter, HoldingsChannel reports. The fund owned 33,669 shares of the apparel retailer’s stock after selling 17,107 shares during the quarter. Blueshift Asset Management LLC’s holdings in Urban Outfitters were worth $1,290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Marshall Wace LLP grew its holdings in shares of Urban Outfitters by 116.3% during the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after purchasing an additional 1,230,771 shares during the last quarter. American Century Companies Inc. grew its holdings in Urban Outfitters by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after acquiring an additional 264,708 shares during the last quarter. Cerity Partners LLC acquired a new position in Urban Outfitters in the 3rd quarter valued at approximately $8,340,000. Empowered Funds LLC bought a new position in shares of Urban Outfitters during the third quarter valued at $7,789,000. Finally, Hennessy Advisors Inc. bought a new position in shares of Urban Outfitters during the second quarter valued at $7,685,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 31.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on URBN shares. Telsey Advisory Group increased their price objective on Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday. Bank of America decreased their price target on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Wells Fargo & Company decreased their target price on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Robert W. Baird boosted their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $59.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.91.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $40.14 on Wednesday. The company has a 50-day moving average price of $37.18 and a 200-day moving average price of $40.06. The stock has a market capitalization of $3.70 billion, a P/E ratio of 12.28, a P/E/G ratio of 0.95 and a beta of 1.50. Urban Outfitters, Inc. has a 1 year low of $32.02 and a 1 year high of $48.90.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.28. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. Urban Outfitters’s revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.65 earnings per share for the current fiscal year.

Urban Outfitters 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.