Dynamic Technology Lab Private Ltd Purchases 15,924 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Dynamic Technology Lab Private Ltd increased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 186.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,474 shares of the apparel retailer’s stock after buying an additional 15,924 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Urban Outfitters were worth $1,344,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of URBN. Jones Financial Companies Lllp grew its stake in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 202 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Urban Outfitters by 10.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock worth $146,000 after purchasing an additional 250 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Urban Outfitters by 1.7% in the 4th quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer’s stock valued at $847,000 after purchasing an additional 252 shares during the period. Finally, Quarry LP lifted its stake in 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 last quarter. Institutional investors own 77.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays lifted their target price on Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, March 1st. JPMorgan Chase & Co. raised their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. Finally, Wells Fargo & Company increased their price target on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. 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. According to MarketBeat, Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $56.00.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $46.61 on Friday. The stock’s fifty day moving average price is $53.81 and its two-hundred day moving average price is $48.15. The firm has a market cap of $4.30 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $61.16.

Urban Outfitters (NASDAQ:URBN) last posted 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 business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,976 shares of company stock valued at $5,573,263. Company 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.