Smartleaf Asset Management LLC Has $82,000 Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Smartleaf Asset Management LLC increased its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 315.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,482 shares of the apparel retailer’s stock after purchasing an additional 1,125 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Urban Outfitters were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC increased its holdings in Urban Outfitters by 5,565.6% in the fourth quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock valued at $48,038,000 after purchasing an additional 859,886 shares during the period. Cerity Partners LLC acquired a new position in shares of Urban Outfitters during the third quarter valued at about $8,340,000. Empowered Funds LLC bought a new position in shares of Urban Outfitters during the 3rd quarter worth about $7,789,000. Allspring Global Investments Holdings LLC grew its stake in shares of Urban Outfitters by 1,016.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer’s stock valued at $7,223,000 after buying an additional 119,820 shares during the period. Finally, Fisher Asset Management LLC increased its position in Urban Outfitters by 5.6% in the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after buying an additional 115,390 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the transaction, the director now owns 15,450 shares of the company’s stock, valued at approximately $902,898. This trade represents a 34.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the sale, the director now owns 510,296 shares in the company, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,300 shares of company stock worth $4,394,602 in the last three months. 31.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on URBN. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, March 1st. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Wells Fargo & Company upped their target price on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Barclays increased their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, 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 report 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 given a buy rating to the stock. Based on data from MarketBeat.com, Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $56.00.

Urban Outfitters Stock Down 1.0 %

Urban Outfitters stock opened at $53.56 on Monday. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $61.16. The stock has a market cap 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 business has a 50-day simple moving average of $56.02 and a 200 day simple moving average of $46.16.

Urban Outfitters (NASDAQ:URBN) last announced 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 net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. On average, research analysts anticipate 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.