Harvest Fund Management Co. Ltd Buys Shares of 13,020 Urban Outfitters, Inc. (NASDAQ:URBN)

Harvest Fund Management Co. Ltd purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 13,020 shares of the apparel retailer's stock, valued at approximately $718,000.

Several other institutional investors also recently added to or reduced their stakes in URBN. Proficio Capital Partners LLC increased its position in Urban Outfitters by 5,565.6% during the fourth quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer's stock worth $48,038,000 after acquiring an additional 859,886 shares during the period. Wealthfront Advisers LLC acquired a new stake in Urban Outfitters in the 4th quarter worth $21,140,000. Cerity Partners LLC bought a new position in shares of Urban Outfitters during the 3rd quarter worth about $8,340,000. Allspring Global Investments Holdings LLC raised its position in shares of Urban Outfitters by 1,016.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock valued at $7,223,000 after buying an additional 119,820 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Urban Outfitters by 5.6% in the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer's stock valued at $120,122,000 after buying an additional 115,390 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Stock Down 0.8 %

NASDAQ:URBN traded down $0.41 on Tuesday, reaching $53.17. The stock had a trading volume of 1,996,424 shares, compared to its average volume of 1,754,330. The company has a market capitalization of $4.91 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The stock has a fifty day moving average price of $54.78 and a 200-day moving average price of $47.24.

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Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business'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 completion of the sale, the director now owns 510,296 shares in the company, valued at $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tricia D. Smith sold 10,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,601 shares in the company, valued at $679,697.94. This trade represents a 44.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,976 shares of company stock worth $5,573,263. 31.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup raised Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price target for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. Barclays upped their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Morgan Stanley raised Urban Outfitters from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. Bank of America boosted their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Urban Outfitters presently has a consensus rating of "Hold" and an average target price of $56.00.

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.