Mitsubishi UFJ Trust & Banking Corp Buys 8,252 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Mitsubishi UFJ Trust & Banking Corp lifted its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 19.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,319 shares of the apparel retailer’s stock after acquiring an additional 8,252 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Urban Outfitters were worth $2,762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in URBN. Proficio Capital Partners LLC lifted its stake in Urban Outfitters by 5,565.6% in the fourth quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock valued at $48,038,000 after acquiring an additional 859,886 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Urban Outfitters in the 4th quarter valued at about $21,140,000. American Century Companies Inc. grew its holdings in Urban Outfitters by 9.0% during the fourth quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock worth $114,653,000 after purchasing an additional 173,082 shares during the period. Allspring Global Investments Holdings LLC increased its position in Urban Outfitters by 1,016.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer’s stock worth $7,223,000 after buying an additional 119,820 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in Urban Outfitters by 5.6% in the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after buying an additional 115,390 shares during the period. 77.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Tricia D. Smith sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total value of $539,400.00. Following the sale, the chief executive officer now directly owns 12,601 shares of the company’s stock, valued at $679,697.94. This trade represents a 44.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the transaction, the director now directly 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 position. The disclosure for this sale can be found here. Insiders sold 99,976 shares of company stock valued at $5,573,263 over the last quarter. 31.80% of the stock is owned by company insiders.

Urban Outfitters Trading Up 1.8 %

Shares of URBN stock opened at $52.40 on Tuesday. The stock has a market cap of $4.84 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16. The stock has a 50 day simple moving average of $54.53 and a 200 day simple moving average of $47.85.

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, beating analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on URBN. UBS Group increased their price target on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Robert W. Baird upped their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. Barclays upped their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Urban Outfitters has an average rating of “Hold” and a consensus price target of $56.00.

About Urban Outfitters

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.