Cibc World Markets Corp Buys Shares of 5,929 Urban Outfitters, Inc. (NASDAQ:URBN)

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

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its position in shares of Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after buying an additional 200 shares during the period. GAMMA Investing LLC boosted its holdings in Urban Outfitters by 36.3% during the 4th 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. Steward Partners Investment Advisory LLC grew its position in 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 valued at $146,000 after acquiring an additional 250 shares in the last quarter. Natixis Advisors LLC increased its stake in Urban Outfitters by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock worth $847,000 after purchasing an additional 252 shares during the period. Finally, Quarry LP lifted its position in shares of Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock worth $47,000 after purchasing an additional 298 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently weighed in on URBN shares. Citigroup upgraded shares of Urban Outfitters from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. Barclays boosted their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Robert W. Baird increased their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. StockNews.com raised Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Saturday, March 1st. Finally, JPMorgan Chase & Co. increased their price target on Urban Outfitters from $46.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Urban Outfitters has an average rating of "Hold" and a consensus target price of $56.00.

Insider Buying and Selling at Urban Outfitters

In other news, insider Azeez Hayne sold 11,676 shares of the firm'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 transaction of $639,261.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the transaction, the director now directly owns 510,296 shares in the company, valued at $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,976 shares of company stock worth $5,573,263 over the last 90 days. Corporate insiders own 31.80% of the company's stock.

Urban Outfitters Stock Down 2.0 %

URBN traded down $1.06 on Wednesday, reaching $52.11. The company's stock had a trading volume of 527,337 shares, compared to its average volume of 1,752,722. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $61.16. The stock has a 50 day moving average of $54.73 and a two-hundred day moving average of $47.37.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.63 billion. As a group, analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal 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.