Urban Outfitters, Inc. (NASDAQ:URBN) Shares Purchased by 1492 Capital Management LLC

1492 Capital Management LLC increased its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 243.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,315 shares of the apparel retailer's stock after purchasing an additional 22,185 shares during the period. 1492 Capital Management LLC's holdings in Urban Outfitters were worth $1,719,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in 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 purchasing an additional 115,390 shares during the last quarter. American Century Companies Inc. boosted its position in Urban Outfitters by 9.0% during the fourth quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer's stock worth $114,653,000 after acquiring an additional 173,082 shares during the last quarter. Geode Capital Management LLC grew its stake in Urban Outfitters by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer's stock valued at $56,765,000 after acquiring an additional 18,249 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Urban Outfitters by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock worth $64,482,000 after purchasing an additional 60,697 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Urban Outfitters by 5,565.6% during the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer's stock worth $48,038,000 after purchasing an additional 859,886 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Wesley S. Mcdonald sold 8,300 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now owns 15,450 shares in the company, valued at $902,898. This represents a 34.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tricia D. Smith sold 10,000 shares of the business's 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 sale, the chief executive officer now owns 12,601 shares in the company, valued at approximately $679,697.94. The trade was a 44.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,976 shares of company stock valued at $1,663,713 in the last three months. 31.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup cut their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird upped their price target on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. StockNews.com cut shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday. Morgan Stanley raised shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company lifted their price objective 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Urban Outfitters currently has an average rating of "Hold" and a consensus target price of $55.18.

Urban Outfitters Price Performance

Shares of URBN traded up $1.20 during midday trading on Wednesday, reaching $51.20. 1,212,631 shares of the stock were exchanged, compared to its average volume of 1,865,989. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $61.16. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.02 and a beta of 1.37. The business's 50-day moving average price is $51.59 and its 200 day moving average price is $49.09.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share 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 during the quarter, compared to analysts' expectations of $1.63 billion. As a group, equities research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal 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.