Friedenthal Financial Takes $765,000 Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Friedenthal Financial acquired a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,936 shares of the apparel retailer's stock, valued at approximately $765,000.

Several other large investors also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock valued at $25,000 after acquiring an additional 354 shares during the period. Quarry LP raised its stake in Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer's stock worth $38,000 after acquiring an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in Urban Outfitters during the second quarter valued at approximately $42,000. GAMMA Investing LLC boosted its position 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 worth $42,000 after purchasing an additional 202 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Urban Outfitters in the third quarter worth $47,000. 77.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on URBN shares. Barclays lifted their target price on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. StockNews.com downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Friday. JPMorgan Chase & Co. increased their target price on Urban Outfitters from $46.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Wells Fargo & Company boosted their price target on Urban Outfitters from $48.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Bank of America upped their price target on Urban Outfitters from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $49.64.

Urban Outfitters Trading Down 2.0 %

Shares of URBN stock traded down $1.14 on Monday, reaching $55.82. The company's stock had a trading volume of 3,453,482 shares, compared to its average volume of 2,114,726. The stock's fifty day simple moving average is $48.68 and its 200-day simple moving average is $42.72. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $59.05. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.25. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business's revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. Equities research analysts forecast that Urban Outfitters, Inc. will post 3.88 earnings per share for the current 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.