9,720 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Purchased by Bailard Inc.

Bailard Inc. acquired a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,720 shares of the apparel retailer's stock, valued at approximately $533,000.

Several other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after buying an additional 202 shares during the last quarter. Quarry LP increased its holdings in Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock valued at $47,000 after buying an additional 298 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Urban Outfitters by 38.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock valued at $95,000 after buying an additional 470 shares during the last quarter. KBC Group NV increased its holdings in Urban Outfitters by 39.8% during the third quarter. KBC Group NV now owns 2,087 shares of the apparel retailer's stock valued at $80,000 after buying an additional 594 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its position in shares of Urban Outfitters by 7.7% in the third quarter. Prospera Financial Services Inc now owns 8,537 shares of the apparel retailer's stock worth $327,000 after purchasing an additional 607 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 495,296 shares in the company, valued at $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the 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 completion of the sale, the director now directly owns 15,450 shares in the company, valued at approximately $902,898. This represents a 34.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,300 shares of company stock worth $4,394,602 over the last 90 days. 31.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on URBN. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Bank of America upped their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Citigroup upgraded shares of Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price target for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Telsey Advisory Group upped their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Finally, StockNews.com upgraded shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday, March 1st. 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, Urban Outfitters currently has a consensus rating of "Hold" and a consensus price target of $56.00.

Urban Outfitters Trading Down 1.0 %

Shares of NASDAQ:URBN traded down $0.54 during midday trading on Friday, reaching $53.56. 1,835,988 shares of the company were exchanged, compared to its average volume of 1,720,382. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $61.16. The business's fifty day moving average is $56.06 and its two-hundred day moving average is $46.00. The stock has a market cap of $4.94 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 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 analyst estimates of $1.63 billion. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 EPS 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.