BNP Paribas Financial Markets Raises Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

BNP Paribas Financial Markets increased its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,627 shares of the apparel retailer's stock after buying an additional 18,074 shares during the quarter. BNP Paribas Financial Markets owned about 0.10% of Urban Outfitters worth $5,028,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Comerica Bank lifted its position in Urban Outfitters by 134.5% in the fourth quarter. Comerica Bank now owns 48,961 shares of the apparel retailer's stock worth $2,687,000 after buying an additional 28,086 shares during the last quarter. Lido Advisors LLC lifted its position in Urban Outfitters by 36.4% in the fourth quarter. Lido Advisors LLC now owns 7,659 shares of the apparel retailer's stock worth $420,000 after buying an additional 2,042 shares during the last quarter. Northern Trust Corp lifted its position in Urban Outfitters by 8.5% in the fourth quarter. Northern Trust Corp now owns 695,646 shares of the apparel retailer's stock worth $38,177,000 after buying an additional 54,337 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Urban Outfitters in the fourth quarter worth $578,000. Finally, Aquatic Capital Management LLC bought a new stake in Urban Outfitters in the fourth quarter worth $220,000. 77.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of analyst reports. Robert W. Baird raised their price target on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. StockNews.com downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price on Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. UBS Group lifted their target price on Urban Outfitters from $45.00 to $54.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $59.00 target price on shares of Urban Outfitters in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Urban Outfitters has an average rating of "Hold" and a consensus price target of $52.82.

Urban Outfitters Trading Up 1.7%

Shares of Urban Outfitters stock traded up $1.07 during trading on Friday, hitting $62.81. 2,238,609 shares of the stock traded hands, compared to its average volume of 1,910,110. The firm has a market cap of $5.82 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $63.21. The stock's fifty day simple moving average is $51.27 and its 200 day simple moving average is $51.24.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.89 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, equities analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Activity

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 15,450 shares in the company, valued at approximately $902,898. The trade was a 34.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 10,000 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now owns 12,601 shares of the company's stock, valued at $679,697.94. This represents a 44.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,976 shares of company stock worth $1,663,713. Company insiders own 31.60% of the company's stock.

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.