Ameriprise Financial Inc. Trims Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Ameriprise Financial Inc. lessened its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 14.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,287 shares of the apparel retailer’s stock after selling 31,778 shares during the period. Ameriprise Financial Inc. owned about 0.21% of Urban Outfitters worth $10,717,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in URBN. Fisher Asset Management LLC boosted its holdings in Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock worth $120,122,000 after buying an additional 115,390 shares in the last quarter. American Century Companies Inc. raised its position in shares of Urban Outfitters by 9.0% in the fourth quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock worth $114,653,000 after acquiring an additional 173,082 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Urban Outfitters by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock worth $64,482,000 after acquiring an additional 60,697 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Urban Outfitters by 183,272.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer’s stock valued at $60,079,000 after acquiring an additional 1,094,134 shares during the period. Finally, Proficio Capital Partners LLC grew its position in shares of Urban Outfitters by 5,565.6% during the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock valued at $48,038,000 after acquiring an additional 859,886 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Urban Outfitters from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price target on shares of Urban Outfitters from $50.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday. Barclays reduced their price objective on shares of Urban Outfitters from $68.00 to $59.00 and set an “overweight” rating for the company in a research report on Monday, May 12th. Telsey Advisory Group reissued a “market perform” rating and set a $59.00 target price on shares of Urban Outfitters in a research note on Friday. Finally, Morgan Stanley decreased their price target on shares of Urban Outfitters from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $54.00.

Urban Outfitters Trading Down 2.2%

Urban Outfitters stock opened at $61.42 on Tuesday. The company has a 50-day moving average price of $51.43 and a 200 day moving average price of $51.63. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $63.21. The stock has a market cap of $5.69 billion, a P/E ratio of 17.60, a PEG ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN) last announced 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 net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. As a group, analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value 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 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 company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 have sold 29,976 shares of company stock worth $1,663,713 over the last quarter. 31.60% 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.