EAM Global Investors LLC Makes New Investment in Urban Outfitters, Inc. (NASDAQ:URBN)

EAM Global Investors LLC purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,934 shares of the apparel retailer's stock, valued at approximately $4,936,000. EAM Global Investors LLC owned 0.10% of Urban Outfitters as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Urban Outfitters by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer's stock valued at $56,765,000 after purchasing an additional 18,249 shares during the last quarter. Friedenthal Financial bought a new position in shares of Urban Outfitters during the 4th quarter valued at $765,000. Allspring Global Investments Holdings LLC raised its position in Urban Outfitters by 1,016.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock worth $7,223,000 after purchasing an additional 119,820 shares during the period. Harbor Capital Advisors Inc. boosted its position 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 valued at $1,966,000 after buying an additional 35,615 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Urban Outfitters by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer's stock valued at $38,754,000 after acquiring an additional 51,657 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on URBN shares. Robert W. Baird lifted their price target on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. Barclays raised their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a report on Friday, February 28th. JPMorgan Chase & Co. cut their target price on shares of Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Telsey Advisory Group raised their price target on Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company boosted their price target on Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $55.18.

Insider Activity

In other news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction that occurred 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 transaction, the director now directly owns 15,450 shares of the company's stock, valued at $902,898. The trade was a 34.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 44,976 shares of company stock valued at $2,421,213 in the last ninety days. Insiders own 31.80% of the company's stock.

Urban Outfitters Trading Down 5.2 %

Shares of Urban Outfitters stock traded down $2.59 on Monday, hitting $46.89. 614,200 shares of the company traded hands, compared to its average volume of 1,865,704. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $61.16. The company has a market cap of $4.34 billion, a PE ratio of 13.44, a PEG ratio of 1.02 and a beta of 1.37. The stock's 50 day moving average price is $51.88 and its 200-day moving average price is $49.01.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. As a group, research analysts anticipate 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.