110,585 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Purchased by Cannell & Spears LLC

Cannell & Spears LLC bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 110,585 shares of the apparel retailer's stock, valued at approximately $6,069,000. Cannell & Spears LLC owned 0.12% of Urban Outfitters as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of URBN. Jones Financial Companies Lllp grew its stake 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 valued at $29,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after purchasing an additional 202 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Urban Outfitters by 10.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after purchasing an additional 250 shares in the last quarter. Natixis Advisors LLC increased its holdings in Urban Outfitters by 1.7% during the 4th 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 last quarter. Finally, Quarry LP raised its position in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock valued at $47,000 after purchasing an additional 298 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Urban Outfitters

In other news, 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 of the company's stock, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tricia D. Smith sold 10,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,601 shares of the company's stock, valued at $679,697.94. The trade was a 44.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,976 shares of company stock valued at $5,573,263 in the last quarter. Corporate insiders own 31.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on URBN shares. UBS Group lifted their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. StockNews.com upgraded Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Saturday, March 1st. Barclays upped their price objective on Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Wells Fargo & Company lifted their target price on Urban Outfitters from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $56.00.

Urban Outfitters Stock Performance

Shares of URBN traded up $1.37 during midday trading on Friday, hitting $46.61. 5,682,796 shares of the stock traded hands, compared to its average volume of 1,822,486. The business's 50 day moving average price is $53.81 and its two-hundred day moving average price is $48.15. The firm has a market capitalization of $4.30 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.89 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS 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.