Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 102,031 shares of the apparel retailer’s stock after selling 37,330 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.11% of Urban Outfitters worth $5,599,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP raised its stake in 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 period. Cerity Partners LLC purchased a new position in Urban Outfitters during the third quarter worth approximately $8,340,000. Empowered Funds LLC purchased a new position in Urban Outfitters during the third quarter worth approximately $7,789,000. Susquehanna Fundamental Investments LLC purchased a new position in Urban Outfitters during the second quarter worth approximately $7,238,000. Finally, Maverick Capital Ltd. purchased a new position in Urban Outfitters during the second quarter worth approximately $4,710,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insider Activity

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the transaction, the director now directly owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 31.80% of the company’s stock.

Urban Outfitters Price Performance

Shares of URBN stock opened at $55.01 on Tuesday. The firm has a market cap of $5.08 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.19 and a beta of 1.55. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $59.05. The firm has a fifty day moving average of $50.43 and a two-hundred day moving average of $43.15.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned $0.88 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Urban Outfitters, Inc. will post 3.89 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. UBS Group raised their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Telsey Advisory Group raised their target price on shares of Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 14th. Barclays raised their target price on shares of Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $51.64.

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.