Aigen Investment Management LP Cuts Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Aigen Investment Management LP lowered its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 46.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 29,784 shares of the apparel retailer’s stock after selling 26,146 shares during the quarter. Aigen Investment Management LP’s holdings in Urban Outfitters were worth $1,635,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Urban Outfitters by 26.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock worth $142,000 after acquiring an additional 785 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters in the third quarter worth approximately $47,000. Olympiad Research LP increased its stake in shares of Urban Outfitters by 43.7% in the third quarter. Olympiad Research LP now owns 7,561 shares of the apparel retailer’s stock worth $290,000 after buying an additional 2,301 shares during the period. Easterly Investment Partners LLC raised its holdings in Urban Outfitters by 2.2% during the 3rd quarter. Easterly Investment Partners LLC now owns 259,081 shares of the apparel retailer’s stock valued at $9,925,000 after buying an additional 5,635 shares during the last quarter. Finally, Versor Investments LP boosted its position in Urban Outfitters by 13.4% during the 3rd quarter. Versor Investments LP now owns 8,502 shares of the apparel retailer’s stock valued at $326,000 after buying an additional 1,002 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $56.77 on Wednesday. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16. The firm has a 50-day simple moving average of $56.04 and a two-hundred day simple moving average of $45.86. The company has a market cap of $5.24 billion, a P/E ratio of 16.27, a PEG ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, equities research analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on URBN. JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Barclays increased their price objective on Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. Finally, Telsey Advisory Group lifted their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.00.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the sale, the director now 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 31.80% of the stock is owned by corporate insiders.

Urban Outfitters Company 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.