Martingale Asset Management L P Has $1.32 Million Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Martingale Asset Management L P raised its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 13.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,433 shares of the apparel retailer’s stock after buying an additional 3,952 shares during the quarter. Martingale Asset Management L P’s holdings in Urban Outfitters were worth $1,319,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 354 shares during the period. Quarry LP lifted its stake in Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Urban Outfitters in the second quarter valued at approximately $42,000. Asset Management One Co. Ltd. acquired a new position in Urban Outfitters in the third quarter valued at approximately $47,000. Finally, Meeder Asset Management Inc. acquired a new position in Urban Outfitters in the second quarter valued at approximately $48,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 31.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays boosted their price target on Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Jefferies Financial Group decreased their price objective on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. 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. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a report on Thursday. Finally, BMO Capital Markets decreased their price objective on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Urban Outfitters currently has a consensus rating of “Hold” and a consensus price target of $46.27.

Urban Outfitters Trading Up 2.6 %

Shares of Urban Outfitters stock opened at $48.73 on Monday. The stock has a fifty day simple moving average of $37.88 and a 200 day simple moving average of $40.20. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $49.48. The company has a market capitalization of $4.50 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 1.10 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.28. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. On average, analysts predict that Urban Outfitters, Inc. will post 3.79 EPS for the current year.

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.