Ieq Capital LLC Acquires New Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Ieq Capital LLC bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,002 shares of the apparel retailer’s stock, valued at approximately $604,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares in the last quarter. Quarry LP lifted its holdings in Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after buying an additional 298 shares in the last quarter. Blue Trust Inc. boosted its position in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 354 shares during the period. Asset Management One Co. Ltd. boosted its position in Urban Outfitters by 38.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock valued at $95,000 after buying an additional 470 shares during the period. Finally, KBC Group NV grew its stake in shares of Urban Outfitters by 39.8% in the third quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock worth $80,000 after acquiring an additional 594 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on URBN. Telsey Advisory Group reiterated a “market perform” rating and issued a $56.00 target price on shares of Urban Outfitters in a report on Wednesday, February 19th. Bank of America lifted their price objective on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. UBS Group lifted their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Finally, Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $53.64.

Insider Transactions at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 495,296 shares in the company, valued at $25,012,448. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 31.80% of the company’s stock.

Urban Outfitters Trading Down 2.6 %

Shares of NASDAQ:URBN opened at $52.63 on Wednesday. The firm has a 50 day simple moving average of $55.78 and a 200-day simple moving average of $45.28. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $60.90. The company has a market capitalization of $4.86 billion, a PE ratio of 15.08, a P/E/G ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Urban Outfitters’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. As a group, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

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.