Asset Management One Co. Ltd. Buys 470 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Asset Management One Co. Ltd. increased its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 38.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,699 shares of the apparel retailer’s stock after purchasing an additional 470 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Urban Outfitters were worth $95,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Urban Outfitters by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after purchasing an additional 18,249 shares during the last quarter. Algert Global LLC increased its position in shares of Urban Outfitters by 36.0% during the 3rd quarter. Algert Global LLC now owns 53,715 shares of the apparel retailer’s stock valued at $2,058,000 after purchasing an additional 14,220 shares during the last quarter. Petrus Trust Company LTA bought a new position in shares of Urban Outfitters during the 3rd quarter valued at approximately $642,000. Friedenthal Financial bought a new position in shares of Urban Outfitters during the 4th quarter valued at approximately $765,000. Finally, Fisher Asset Management LLC increased its position in shares of Urban Outfitters by 3.1% during the 3rd quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock valued at $79,433,000 after purchasing an additional 62,019 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Robert W. Baird boosted their price objective on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Telsey Advisory Group restated a “market perform” rating and set a $56.00 price objective on shares of Urban Outfitters in a report on Wednesday. Finally, Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.64.

Insider Buying and Selling

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the sale, the director now directly owns 495,296 shares of the company’s stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 31.80% of the stock is owned by corporate insiders.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $52.80 on Friday. The stock has a market capitalization of $4.87 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 1.04 and a beta of 1.54. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $60.90. The business has a fifty day moving average price of $55.84 and a 200 day moving average price of $45.02.

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, beating analysts’ consensus estimates of $0.85 by $0.25. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. As a group, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 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.