Meeder Asset Management Inc. Buys 1,048 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Meeder Asset Management Inc. raised its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,227 shares of the apparel retailer’s stock after acquiring an additional 1,048 shares during the period. Meeder Asset Management Inc.’s holdings in Urban Outfitters were worth $616,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in URBN. Jones Financial Companies Lllp boosted its stake 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 purchasing an additional 200 shares during the period. GAMMA Investing LLC boosted its position 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 acquiring an additional 202 shares during the period. Quarry LP grew its stake in shares of Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 298 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Urban Outfitters by 315.1% during 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 during the period. Finally, Asset Management One Co. Ltd. raised its stake in Urban Outfitters by 38.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock worth $95,000 after purchasing an additional 470 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

URBN has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Wells Fargo & Company raised their price objective on Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, March 1st. Barclays raised their price target on Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Robert W. Baird upped their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $56.00.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the sale, the director now directly owns 495,296 shares of the company’s stock, valued at $25,012,448. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now directly owns 15,450 shares of the company’s stock, valued at $902,898. The trade was a 34.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,976 shares of company stock worth $5,573,263. 31.80% of the stock is currently owned by insiders.

Urban Outfitters Trading Up 1.8 %

Shares of Urban Outfitters stock opened at $52.40 on Tuesday. The firm’s 50 day moving average is $54.53 and its 200 day moving average is $47.85. The firm has a market capitalization of $4.84 billion, a PE 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.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping 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. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share 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.