Dark Forest Capital Management LP Invests $1.04 Million in Urban Outfitters, Inc. (NASDAQ:URBN)

Dark Forest Capital Management LP bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,878 shares of the apparel retailer's stock, valued at approximately $1,036,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Urban Outfitters by 7.6% during the third quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer's stock valued at $1,315,000 after purchasing an additional 2,527 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of 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 during the last quarter. Diversified Trust Co raised its stake 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 acquiring an additional 1,801 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Urban Outfitters by 17,631.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer's stock worth $1,966,000 after purchasing an additional 35,615 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in shares of Urban Outfitters during the fourth quarter worth $765,000. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Stock Up 1.3 %

Shares of NASDAQ:URBN traded up $0.67 during midday trading on Tuesday, reaching $53.34. The company's stock had a trading volume of 386,127 shares, compared to its average volume of 1,869,959. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $61.16. The firm has a market capitalization of $4.94 billion, a PE ratio of 15.23, a P/E/G ratio of 1.02 and a beta of 1.37. The stock has a fifty day moving average of $51.19 and a 200 day moving average of $49.59.

Urban Outfitters (NASDAQ:URBN - Get Free Report) 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 business had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on URBN. Citigroup dropped their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Robert W. Baird increased their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. Morgan Stanley upgraded Urban Outfitters from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Finally, UBS Group increased their price target on Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $55.18.

Insider Buying and Selling at Urban Outfitters

In other 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 transaction of $485,052.00. Following the completion of the sale, the director now owns 15,450 shares of the company's stock, valued at $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Azeez Hayne sold 11,676 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,976 shares of company stock valued at $1,663,713. Corporate insiders own 31.80% of the company's stock.

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.