The Manufacturers Life Insurance Company Reduces Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

The Manufacturers Life Insurance Company reduced its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 5.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 48,462 shares of the apparel retailer’s stock after selling 2,660 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Urban Outfitters were worth $2,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of URBN. Jones Financial Companies Lllp grew its position in Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Urban Outfitters by 315.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock worth $82,000 after acquiring an additional 1,125 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Urban Outfitters by 38.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock valued at $95,000 after acquiring an additional 470 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Urban Outfitters by 10.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock valued at $146,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insiders Place Their Bets

In related news, Director Wesley S. Mcdonald sold 8,300 shares of the company’s stock in a transaction 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 $902,898. This represents a 34.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tricia D. Smith sold 10,000 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,601 shares of the company’s stock, valued at $679,697.94. The trade was a 44.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,976 shares of company stock worth $1,663,713 in the last quarter. 31.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on URBN. UBS Group lifted their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Robert W. Baird lifted their price target on Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on shares of Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Telsey Advisory Group upped their price objective on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company cut their target price on shares of Urban Outfitters from $65.00 to $55.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. One 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $54.18.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $51.85 on Friday. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.02 and a beta of 1.33. The business has a 50-day moving average of $50.71 and a 200-day moving average of $50.39.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Research analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal 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.