Panagora Asset Management Inc. Boosts Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Panagora Asset Management Inc. boosted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 10.2% in the 4th quarter, HoldingsChannel reports. The fund owned 162,967 shares of the apparel retailer’s stock after acquiring an additional 15,040 shares during the quarter. Panagora Asset Management Inc.’s holdings in Urban Outfitters were worth $5,816,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Spire Wealth Management increased its holdings in shares of Urban Outfitters by 3,700.0% in the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 1,110 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Urban Outfitters during the 3rd quarter worth approximately $81,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Urban Outfitters in the 3rd quarter worth approximately $112,000. Headlands Technologies LLC purchased a new position in Urban Outfitters in the 4th quarter valued at approximately $150,000. Finally, CI Investments Inc. purchased a new position in Urban Outfitters in the 3rd quarter valued at approximately $159,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insider Buying and Selling at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 3,345 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $42.23, for a total transaction of $141,259.35. Following the completion of the sale, the chief financial officer now directly owns 6,908 shares in the company, valued at approximately $291,724.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Melanie Marein-Efron sold 3,345 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $42.23, for a total transaction of $141,259.35. Following the completion of the sale, the chief financial officer now owns 6,908 shares in the company, valued at approximately $291,724.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total transaction of $254,625.00. Following the completion of the transaction, the chief executive officer now owns 6,353 shares in the company, valued at approximately $258,821.22. The disclosure for this sale can be found here. Insiders have sold a total of 18,473 shares of company stock worth $757,483 in the last quarter. 31.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on URBN shares. BMO Capital Markets raised their price target on Urban Outfitters from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Thursday, February 29th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. UBS Group increased their price target on shares of Urban Outfitters from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. cut their price objective on Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Finally, Jefferies Financial Group cut Urban Outfitters from a “hold” rating to an “underperform” rating and lowered their target price for the company from $42.00 to $32.00 in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.75.

Urban Outfitters Trading Down 0.9 %

NASDAQ URBN opened at $41.20 on Friday. The business’s 50-day moving average price is $40.81 and its 200 day moving average price is $39.11. Urban Outfitters, Inc. has a twelve month low of $26.45 and a twelve month high of $47.29. The company has a market capitalization of $3.84 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.65 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.04). Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company earned $0.39 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Equities analysts predict that Urban Outfitters, Inc. will post 3.53 EPS 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.