Sei Investments Co. Raises Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Sei Investments Co. increased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 24.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 163,497 shares of the apparel retailer’s stock after purchasing an additional 32,622 shares during the quarter. Sei Investments Co. owned approximately 0.18% of Urban Outfitters worth $8,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its position in Urban Outfitters by 5,565.6% during the fourth quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock valued at $48,038,000 after buying an additional 859,886 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Urban Outfitters in the 4th quarter worth about $21,140,000. American Century Companies Inc. lifted its position in Urban Outfitters by 9.0% during the 4th quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock valued at $114,653,000 after acquiring an additional 173,082 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Urban Outfitters by 1,016.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer’s stock worth $7,223,000 after acquiring an additional 119,820 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Urban Outfitters by 5.6% in the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock worth $120,122,000 after purchasing an additional 115,390 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

URBN has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price target on Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Telsey Advisory Group boosted their target price on Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Barclays raised their price target on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, February 28th. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Finally, StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and an average target price of $56.00.

Urban Outfitters Trading Down 0.7 %

NASDAQ:URBN opened at $51.48 on Monday. The company has a market cap of $4.75 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The company has a 50 day simple moving average of $54.59 and a two-hundred day simple moving average of $47.73. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $61.16.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction on Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the transaction, the chief executive officer now owns 12,601 shares in the company, valued at $679,697.94. This trade represents a 44.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the sale, the director now directly owns 15,450 shares of the company’s stock, valued at approximately $902,898. The trade was a 34.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,976 shares of company stock worth $5,573,263 in the last three months. 31.80% of the stock is currently owned by company insiders.

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.