5,929 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Acquired by Cibc World Markets Corp

Cibc World Markets Corp acquired a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,929 shares of the apparel retailer's stock, valued at approximately $325,000.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of Urban Outfitters by 61.5% during 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 in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after acquiring an additional 202 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Urban Outfitters by 10.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock worth $146,000 after acquiring an additional 250 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Urban Outfitters by 1.7% during the 4th quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock valued at $847,000 after purchasing an additional 252 shares during the last quarter. Finally, Quarry LP raised its position in Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock worth $47,000 after purchasing an additional 298 shares during the period. Hedge funds and other institutional investors own 77.61% of the company's stock.

Insider Buying and Selling

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the sale, the director now owns 510,296 shares in the company, valued at $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. Insiders have sold a total of 99,976 shares of company stock worth $5,573,263 in the last quarter. Corporate insiders own 31.80% of the company's stock.

Urban Outfitters Trading Down 0.7 %

URBN traded down $0.34 during midday trading on Friday, reaching $51.48. The company's stock had a trading volume of 1,928,999 shares, compared to its average volume of 1,783,977. The stock's 50-day moving average is $54.66 and its 200-day moving average is $47.43. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. As a group, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on URBN shares. Wells Fargo & Company raised their price objective on Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Barclays upped their price target on Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Telsey Advisory Group lifted their price objective on Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Morgan Stanley upgraded Urban Outfitters from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. Finally, StockNews.com raised shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $56.00.

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.