Crossmark Global Holdings Inc. Purchases New Shares in Urban Outfitters, Inc. (NASDAQ:URBN)

Crossmark Global Holdings Inc. purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBNFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,004 shares of the apparel retailer’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after purchasing an additional 18,249 shares in the last quarter. Algert Global LLC lifted its holdings in Urban Outfitters by 36.0% during the third quarter. Algert Global LLC now owns 53,715 shares of the apparel retailer’s stock valued at $2,058,000 after purchasing an additional 14,220 shares in the last quarter. Petrus Trust Company LTA purchased a new position in Urban Outfitters during the third quarter valued at $642,000. Friedenthal Financial purchased a new position in Urban Outfitters during the fourth quarter valued at $765,000. Finally, Fisher Asset Management LLC lifted its holdings in Urban Outfitters by 3.1% during the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock valued at $79,433,000 after purchasing an additional 62,019 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Trading Down 5.9 %

Shares of URBN opened at $54.69 on Tuesday. The company’s 50-day moving average price is $52.38 and its 200 day moving average price is $43.64. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $60.90. The firm has a market cap of $5.05 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.21 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBNGet Free Report) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. Equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analyst Weigh In

URBN has been the topic of several recent analyst reports. Telsey Advisory Group increased their price objective on shares of Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target 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. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, January 18th. Wells Fargo & Company raised their price target on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Finally, Bank of America raised their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.64.

Read Our Latest Report on Urban Outfitters

Insiders Place Their Bets

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the sale, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.80% of the stock is owned by insiders.

About Urban Outfitters

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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