Arrowstreet Capital Limited Partnership Has $61.58 Million Stock Position in Urban Outfitters, Inc. $URBN

Arrowstreet Capital Limited Partnership decreased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 13.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 848,922 shares of the apparel retailer’s stock after selling 131,438 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.95% of Urban Outfitters worth $61,581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Quantbot Technologies LP lifted its position in shares of Urban Outfitters by 375.4% during the 2nd quarter. Quantbot Technologies LP now owns 192,733 shares of the apparel retailer’s stock valued at $13,981,000 after buying an additional 152,193 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Urban Outfitters during the 2nd quarter valued at $1,808,000. Panagora Asset Management Inc. lifted its position in shares of Urban Outfitters by 2.0% during the second quarter. Panagora Asset Management Inc. now owns 374,261 shares of the apparel retailer’s stock worth $27,149,000 after acquiring an additional 7,248 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Urban Outfitters by 33.6% during the second quarter. Schroder Investment Management Group now owns 176,729 shares of the apparel retailer’s stock worth $12,820,000 after acquiring an additional 44,488 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Urban Outfitters in the second quarter worth $55,429,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on URBN. Bank of America increased their price objective on Urban Outfitters from $90.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Morgan Stanley raised their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Finally, Barclays upped their price target on shares of Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.36.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $73.97, for a total value of $690,362.01. Following the transaction, the insider directly owned 2,402,723 shares of the company’s stock, valued at $177,729,420.31. The trade was a 0.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $70.46, for a total value of $751,596.82. Following the sale, the chief executive officer directly owned 18,027,939 shares of the company’s stock, valued at approximately $1,270,248,581.94. This trade represents a 0.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 104,400 shares of company stock worth $7,603,338. 31.60% of the stock is owned by corporate insiders.

Urban Outfitters Stock Performance

Shares of URBN opened at $75.72 on Friday. Urban Outfitters, Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $80.71. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.19 and a beta of 1.20. The firm has a 50 day moving average price of $68.05 and a 200-day moving average price of $70.76.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. As a group, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current 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.