Counterpoint Mutual Funds LLC Invests $288,000 in Urban Outfitters, Inc. (NASDAQ:URBN)

Counterpoint Mutual Funds LLC bought a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,244 shares of the apparel retailer's stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp increased its position in Urban Outfitters by 61.5% in the 4th 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 during the period. GAMMA Investing LLC increased its position in Urban Outfitters by 36.3% in 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. Quarry LP increased 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 valued at $47,000 after acquiring an additional 298 shares during the period. Smartleaf Asset Management LLC increased its position in Urban Outfitters by 315.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after acquiring an additional 1,125 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Urban Outfitters by 38.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock valued at $95,000 after acquiring an additional 470 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $53.94, for a total value of $539,400.00. Following the sale, the chief executive officer now owns 12,601 shares of the company's stock, valued at approximately $679,697.94. This represents a 44.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. In the last 90 days, insiders have sold 99,976 shares of company stock valued at $5,573,263. 31.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

URBN has been the topic of several recent research reports. Barclays boosted 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. StockNews.com upgraded Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday, March 1st. Morgan Stanley upgraded Urban Outfitters from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. UBS Group boosted their target price on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Finally, Telsey Advisory Group boosted their target price 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. One research analyst has rated the stock with a sell rating, six have issued 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 an average rating of "Hold" and an average target price of $56.00.

Urban Outfitters Trading Up 0.4 %

Shares of NASDAQ:URBN traded up $0.18 during trading on Friday, hitting $49.13. 2,587,059 shares of the stock were exchanged, compared to its average volume of 1,751,114. The company has a fifty day moving average price of $54.82 and a two-hundred day moving average price of $46.98. The company has a market cap of $4.53 billion, a PE ratio of 14.08, a P/E/G ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $61.16.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly 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. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

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.