Dark Forest Capital Management LP Makes New $1.04 Million Investment in Urban Outfitters, Inc. (NASDAQ:URBN)

Dark Forest Capital Management LP purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,878 shares of the apparel retailer's stock, valued at approximately $1,036,000.

Several other large investors have also recently made changes to their positions in URBN. Franklin Resources Inc. lifted its stake in Urban Outfitters by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer's stock worth $1,315,000 after purchasing an additional 2,527 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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. Diversified Trust Co lifted its position in Urban Outfitters by 10.6% during the fourth quarter. Diversified Trust Co now owns 18,765 shares of the apparel retailer's stock worth $1,030,000 after buying an additional 1,801 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Urban Outfitters by 17,631.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer's stock worth $1,966,000 after buying an additional 35,615 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Urban Outfitters in the 4th quarter valued at $765,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Azeez Hayne sold 11,676 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tricia D. Smith sold 10,000 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the transaction, the chief executive officer now owns 12,601 shares of the company's stock, valued at approximately $679,697.94. The trade was a 44.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,976 shares of company stock worth $1,663,713. 31.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on URBN. Morgan Stanley upgraded Urban Outfitters from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. Robert W. Baird upped their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Citigroup cut their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered Urban Outfitters from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, UBS Group raised their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $55.18.

Urban Outfitters Stock Up 1.1 %

Urban Outfitters stock traded up $0.57 during mid-day trading on Friday, reaching $51.41. 1,410,755 shares of the company's stock were exchanged, compared to its average volume of 1,876,437. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $61.16. The company has a market cap of $4.76 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.02 and a beta of 1.37. The company has a fifty day moving average of $51.25 and a 200-day moving average of $49.39.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data 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 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 analysts' expectations of $1.63 billion. Equities research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

About Urban Outfitters

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.