Raymond James Financial Inc. Makes New $513,000 Investment in Urban Outfitters, Inc. (NASDAQ:URBN)

Raymond James Financial Inc. purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,340 shares of the apparel retailer's stock, valued at approximately $513,000.

Several other large investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC raised its stake 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 in the last quarter. Quarry LP lifted its holdings 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 period. Smartleaf Asset Management LLC boosted its position in Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings 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 worth $95,000 after acquiring an additional 470 shares during the period. Institutional investors own 77.61% of the company's stock.

Insider Buying and Selling

In related news, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction on Monday, March 10th. The stock was sold at an average price of $53.94, for a total value of $539,400.00. Following the completion of the sale, the chief executive officer now owns 12,601 shares of the company's stock, valued at $679,697.94. The trade was a 44.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the 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 completion of the transaction, the director now directly owns 495,296 shares in the company, valued at approximately $25,012,448. This represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,976 shares of company stock worth $2,421,213. 31.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on URBN. Wells Fargo & Company raised their target price 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. Morgan Stanley raised Urban Outfitters from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. UBS Group upped their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Barclays increased their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $55.55.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN traded down $1.67 during trading on Friday, reaching $46.75. 3,065,849 shares of the stock traded hands, compared to its average volume of 1,863,609. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16. The stock has a market cap of $4.33 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. The stock has a 50-day moving average of $52.67 and a two-hundred day moving average of $48.54.

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

About Urban Outfitters

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.