Wealthfront Advisers LLC Takes $21.14 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Wealthfront Advisers LLC purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 385,200 shares of the apparel retailer’s stock, valued at approximately $21,140,000. Wealthfront Advisers LLC owned about 0.42% of Urban Outfitters as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of URBN. Jones Financial Companies Lllp raised its position in 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 purchasing an additional 200 shares during the period. GAMMA Investing LLC increased its holdings in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock worth $146,000 after acquiring an additional 250 shares during the last quarter. Quarry LP grew its holdings in shares of Urban Outfitters by 32.3% during the third 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. Finally, PNC Financial Services Group Inc. lifted its position in Urban Outfitters by 2.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 19,060 shares of the apparel retailer’s stock worth $1,046,000 after purchasing an additional 365 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on URBN shares. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price target for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. UBS Group upped their target price on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Wells Fargo & Company increased their price target on Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Finally, Telsey Advisory Group lifted their price target on Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” 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 assigned a buy rating to the company. According to MarketBeat, Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $56.00.

Urban Outfitters Stock Performance

Shares of URBN opened at $54.23 on Wednesday. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16. The company’s fifty day moving average is $55.99 and its two-hundred day moving average is $46.39. The stock has a market capitalization of $5.00 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

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 dated Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the sale, the director now directly owns 510,296 shares in the company, valued at $29,245,063.76. This trade represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were 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 in the company, valued at $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 78,300 shares of company stock valued at $4,394,602. 31.80% of the stock is currently owned by corporate insiders.

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.