55,930 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Bought by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 55,930 shares of the apparel retailer’s stock, valued at approximately $2,143,000.

A number of other hedge funds have also modified their holdings of the stock. Versor Investments LP boosted its position in shares of Urban Outfitters by 13.4% in the third quarter. Versor Investments LP now owns 8,502 shares of the apparel retailer’s stock worth $326,000 after buying an additional 1,002 shares during the period. Easterly Investment Partners LLC boosted its position in shares of Urban Outfitters by 2.2% in the third quarter. Easterly Investment Partners LLC now owns 259,081 shares of the apparel retailer’s stock worth $9,925,000 after buying an additional 5,635 shares during the period. Olympiad Research LP boosted its position in shares of Urban Outfitters by 43.7% in the third quarter. Olympiad Research LP now owns 7,561 shares of the apparel retailer’s stock worth $290,000 after buying an additional 2,301 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Urban Outfitters in the third quarter worth $47,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Urban Outfitters in the third quarter worth $223,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 31.80% of the stock is owned by insiders.

Urban Outfitters Price Performance

Shares of NASDAQ URBN traded down $0.18 during trading hours on Tuesday, hitting $38.75. 114,203 shares of the company’s stock were exchanged, compared to its average volume of 1,669,004. Urban Outfitters, Inc. has a 1-year low of $31.37 and a 1-year high of $48.90. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.91 and a beta of 1.50. The company’s 50-day moving average price is $36.63 and its 200-day moving average price is $40.18.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, research analysts expect that Urban Outfitters, Inc. will post 3.63 earnings per share for the current year.

Wall Street Analyst Weigh In

URBN has been the subject of several recent analyst reports. Telsey Advisory Group cut Urban Outfitters from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $49.00 to $44.00 in a research report on Thursday, August 22nd. BMO Capital Markets reduced their price objective on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. Wells Fargo & Company reduced their price objective on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Finally, Barclays reduced their price objective on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.30.

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.