Focus Partners Wealth Purchases Shares of 4,134 Urban Outfitters, Inc. (NASDAQ:URBN)

Focus Partners Wealth acquired a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 4,134 shares of the apparel retailer's stock, valued at approximately $227,000.

A number of other institutional investors have also added to or reduced their stakes in URBN. Jones Financial Companies Lllp grew its holdings in Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after buying an additional 200 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Urban Outfitters by 10.4% in 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 during the period. Natixis Advisors LLC grew its stake in Urban Outfitters by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock valued at $847,000 after acquiring an additional 252 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in Urban Outfitters by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock worth $364,000 after acquiring an additional 351 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Urban Outfitters by 2.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,060 shares of the apparel retailer's stock worth $1,046,000 after acquiring an additional 365 shares during the period. Hedge funds and other institutional investors own 77.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on URBN. JPMorgan Chase & Co. raised shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and raised their price target for the company from $63.00 to $78.00 in a report on Thursday, May 22nd. Citigroup reduced their target price on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley raised their price target on Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 22nd. Glj Research reiterated a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Finally, Robert W. Baird upped their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Urban Outfitters presently has an average rating of "Hold" and an average target price of $69.36.

Insider Activity

In other Urban Outfitters news, insider Azeez Hayne sold 11,676 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 10,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $53.94, for a total value of $539,400.00. Following the sale, the chief executive officer now directly owns 12,601 shares of the company's stock, valued at approximately $679,697.94. This trade represents a 44.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,976 shares of company stock valued at $1,663,713. Insiders own 31.60% of the company's stock.

Urban Outfitters Price Performance

NASDAQ URBN traded down $0.32 on Wednesday, reaching $74.94. 229,806 shares of the company's stock traded hands, compared to its average volume of 1,943,091. The stock has a market cap of $6.94 billion, a PE ratio of 21.46, a P/E/G ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $76.68. The stock has a 50-day simple moving average of $53.81 and a 200 day simple moving average of $52.87.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, beating the consensus estimate of $0.81 by $0.35. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. As a group, analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current 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.