Proficio Capital Partners LLC Boosts Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Proficio Capital Partners LLC raised its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 5,565.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 875,336 shares of the apparel retailer's stock after purchasing an additional 859,886 shares during the quarter. Proficio Capital Partners LLC owned 0.95% of Urban Outfitters worth $48,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in Urban Outfitters by 138.8% in the third 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 last quarter. GAMMA Investing LLC grew its holdings in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after acquiring an additional 202 shares during the period. Quarry LP lifted its stake in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock valued at $47,000 after purchasing an additional 298 shares during the period. Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters in the 3rd quarter worth $47,000. Finally, KBC Group NV grew its stake in shares of Urban Outfitters by 39.8% during the third quarter. KBC Group NV now owns 2,087 shares of the apparel retailer's stock worth $80,000 after purchasing an additional 594 shares during the period. Institutional investors and hedge funds own 77.61% of the company's stock.

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Insiders Place Their Bets

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the sale, the director now owns 495,296 shares of the company's stock, valued at approximately $25,012,448. This represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 31.80% of the stock is owned by corporate insiders.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock traded down $1.14 during trading hours on Tuesday, hitting $57.72. 1,597,956 shares of the company's stock traded hands, compared to its average volume of 1,716,161. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.02 and a beta of 1.54. The company has a fifty day simple moving average of $55.99 and a 200-day simple moving average of $45.75. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $61.16.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on URBN shares. StockNews.com raised shares of Urban Outfitters from a "hold" rating to a "buy" rating in a report on Saturday. Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Citigroup upgraded shares of Urban Outfitters from a "neutral" rating to a "buy" rating and lifted their price target for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Barclays upped their price objective on Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters currently has an average 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.