4,599 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Bought by Stevens Capital Management LP

Stevens Capital Management LP purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the 4th quarter, HoldingsChannel reports. The firm purchased 4,599 shares of the apparel retailer’s stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of URBN. State Street Corp boosted its holdings in Urban Outfitters by 1.1% during the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after acquiring an additional 31,100 shares during the period. Fisher Asset Management LLC lifted its position 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 stake in shares of 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 valued at $114,653,000 after purchasing an additional 173,082 shares during the period. Geode Capital Management LLC grew its holdings in shares of Urban Outfitters by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after purchasing an additional 18,249 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Urban Outfitters by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock worth $64,482,000 after buying an additional 60,697 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Stock Up 9.1 %

URBN opened at $53.58 on Tuesday. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.02 and a beta of 1.56. The firm has a 50 day moving average price of $54.78 and a 200-day moving average price of $47.24. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $61.16.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on URBN shares. Robert W. Baird increased their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Bank of America raised their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.00.

Insider Buying and Selling at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction on Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the transaction, the director now directly owns 510,296 shares in the company, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the sale, the director now owns 15,450 shares of the company’s stock, valued at approximately $902,898. The trade was a 34.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,976 shares of company stock valued at $5,573,263. Insiders own 31.80% of the company’s stock.

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.