Urban Outfitters, Inc. (NASDAQ:URBN) Stock Holdings Lifted by Proficio Capital Partners LLC

Proficio Capital Partners LLC lifted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 5,565.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 875,336 shares of the apparel retailer’s stock after buying an additional 859,886 shares during the quarter. Proficio Capital Partners LLC’s holdings in Urban Outfitters were worth $48,038,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Urban Outfitters by 36.3% in 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 increased its holdings 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 worth $47,000 after acquiring an additional 298 shares during the period. Blue Trust Inc. increased its holdings in shares of Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Urban Outfitters by 38.2% in 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. Finally, KBC Group NV increased its holdings in shares of Urban Outfitters by 39.8% in the 3rd quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock worth $80,000 after acquiring an additional 594 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the transaction, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 31.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday. Telsey Advisory Group increased their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday. Robert W. Baird increased their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday. 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 report on Tuesday, January 21st. Finally, Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $56.00.

Urban Outfitters Trading Up 1.6 %

NASDAQ:URBN opened at $58.19 on Friday. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $60.90. The company has a 50-day moving average of $55.91 and a 200-day moving average of $45.54. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. On average, research analysts forecast 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.