Brevan Howard Capital Management LP Makes New Investment in Urban Outfitters, Inc. (NASDAQ:URBN)

Brevan Howard Capital Management LP acquired a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,862 shares of the apparel retailer's stock, valued at approximately $596,000.

A number of other hedge funds have also recently modified their holdings of URBN. Jones Financial Companies Lllp raised its position in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC raised its holdings in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after buying an additional 202 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Urban Outfitters by 315.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after buying an additional 1,125 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Urban Outfitters by 38.2% during the fourth 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 last quarter. Finally, 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 valued at $146,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 77.61% of the company's stock.

Insider Activity at Urban Outfitters

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the business's 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tricia D. Smith sold 10,000 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the transaction, the chief executive officer now owns 12,601 shares of the company's stock, valued at approximately $679,697.94. This represents a 44.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,976 shares of company stock worth $1,663,713. 31.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on URBN. Citigroup cut their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird lifted their price objective on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. 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. Barclays dropped their price target on shares of Urban Outfitters from $68.00 to $59.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Morgan Stanley reduced their price target on shares of Urban Outfitters from $63.00 to $62.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $53.36.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock traded up $5.44 on Monday, hitting $57.26. 2,956,484 shares of the company's stock were exchanged, compared to its average volume of 1,896,335. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16. The company has a 50-day simple moving average of $50.71 and a 200-day simple moving average of $50.76. The stock has a market capitalization of $5.31 billion, a PE ratio of 16.41, a PEG ratio of 1.02 and a beta of 1.33.

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

Urban Outfitters Company 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.