Landscape Capital Management L.L.C. Takes $5.22 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Landscape Capital Management L.L.C. purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 95,189 shares of the apparel retailer's stock, valued at approximately $5,224,000. Urban Outfitters accounts for 0.6% of Landscape Capital Management L.L.C.'s holdings, making the stock its 22nd biggest position. Landscape Capital Management L.L.C. owned approximately 0.10% of Urban Outfitters as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in shares of Urban Outfitters by 61.5% during 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 fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after buying an additional 202 shares during the last quarter. Quarry LP increased its position in Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock worth $47,000 after buying an additional 298 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Urban Outfitters by 315.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after buying an additional 1,125 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in shares of Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock valued at $95,000 after buying an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

Insider Transactions at Urban Outfitters

In related news, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the sale, the director now directly owns 15,450 shares in the company, valued at $902,898. This represents a 34.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the transaction, the director now directly owns 510,296 shares in the company, valued at $29,245,063.76. This trade represents a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,976 shares of company stock worth $5,573,263. 31.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on URBN shares. Morgan Stanley upgraded shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, January 8th. Barclays lifted their price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Robert W. Baird boosted their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Finally, UBS Group raised their price target on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $55.55.

Urban Outfitters Stock Up 2.1 %

NASDAQ:URBN traded up $0.92 during midday trading on Wednesday, hitting $44.16. The company had a trading volume of 1,155,520 shares, compared to its average volume of 1,834,489. The stock's fifty day moving average price is $53.16 and its 200-day moving average price is $48.29. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16. The company has a market capitalization of $4.09 billion, a PE ratio of 12.59, a P/E/G ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.89 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current 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.