Systematic Financial Management LP Has $41.51 Million Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Systematic Financial Management LP lifted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 4.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 756,409 shares of the apparel retailer’s stock after purchasing an additional 34,677 shares during the quarter. Urban Outfitters makes up about 1.1% of Systematic Financial Management LP’s portfolio, making the stock its 19th largest holding. Systematic Financial Management LP’s holdings in Urban Outfitters were worth $41,512,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. boosted its stake in Urban Outfitters by 183,272.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer’s stock worth $60,079,000 after acquiring an additional 1,094,134 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Urban Outfitters by 5,565.6% during the fourth quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock worth $48,038,000 after acquiring an additional 859,886 shares in the last quarter. Norges Bank bought a new position in Urban Outfitters during the fourth quarter worth $31,605,000. Wealthfront Advisers LLC bought a new position in Urban Outfitters during the fourth quarter worth $21,140,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in Urban Outfitters during the fourth quarter worth $11,424,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Urban Outfitters

In related news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the sale, the director now directly owns 15,450 shares in the company, valued at $902,898. The trade was a 34.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total value of $539,400.00. Following the completion of the transaction, the chief executive officer now owns 12,601 shares in the company, valued at $679,697.94. This trade represents a 44.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,976 shares of company stock worth $1,663,713. Company insiders own 31.60% of the company’s stock.

Urban Outfitters Stock Performance

URBN opened at $62.81 on Friday. The stock has a market capitalization of $5.82 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.02 and a beta of 1.33. The company’s 50-day simple moving average is $51.27 and its two-hundred day simple moving average is $51.24. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $63.21.

Urban Outfitters (NASDAQ:URBN) last released its 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 analyst estimates of $1.63 billion. Research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

URBN has been the topic of several research reports. Citigroup lowered their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Barclays lowered their price objective on shares of Urban Outfitters from $68.00 to $59.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Morgan Stanley lowered their target price on shares of Urban Outfitters from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on shares of Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, UBS Group increased their target price on shares of Urban Outfitters from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $52.82.

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.