56,000 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Acquired by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 56,000 shares of the apparel retailer’s stock, valued at approximately $3,073,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of Urban Outfitters by 1.1% in the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock worth $107,244,000 after buying an additional 31,100 shares during the last quarter. Geode Capital Management LLC raised its holdings in Urban Outfitters by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after acquiring an additional 18,249 shares during the period. Franklin Resources Inc. lifted its position in Urban Outfitters by 7.6% during the 3rd quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock worth $1,315,000 after acquiring an additional 2,527 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the period. Finally, Diversified Trust Co grew its position in shares of Urban Outfitters by 10.6% in the fourth quarter. Diversified Trust Co now owns 18,765 shares of the apparel retailer’s stock valued at $1,030,000 after purchasing an additional 1,801 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on URBN shares. Barclays increased their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. UBS Group upped their price target on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Telsey Advisory Group raised their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Wells Fargo & Company upped their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. One 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $55.55.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $48.42 on Friday. The firm has a fifty day moving average of $52.84 and a 200-day moving average of $48.47. 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 $4.49 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.15. The firm 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%. On average, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the transaction, the director now directly owns 495,296 shares in the company, valued at $25,012,448. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction 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 transaction, the director now directly owns 15,450 shares of the company’s stock, valued at approximately $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,976 shares of company stock valued at $2,421,213. Corporate 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.