Phocas Financial Corp. Buys Shares of 67,410 Urban Outfitters, Inc. (NASDAQ:URBN)

Phocas Financial Corp. purchased a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 67,410 shares of the apparel retailer's stock, valued at approximately $3,699,000. Phocas Financial Corp. owned 0.07% of Urban Outfitters at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of URBN. Jones Financial Companies Lllp grew its position in Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Urban Outfitters by 10.4% in the 4th 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. Natixis Advisors LLC grew its position in Urban Outfitters by 1.7% in the 4th 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. grew its position in Urban Outfitters by 5.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock valued at $364,000 after acquiring an additional 351 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Urban Outfitters by 2.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,060 shares of the apparel retailer's stock valued at $1,046,000 after acquiring an additional 365 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Azeez Hayne sold 11,676 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 value of $539,400.00. Following the transaction, the chief executive officer now directly owns 12,601 shares in the company, valued at $679,697.94. This represents a 44.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,632 shares of company stock valued at $7,175,331 over the last quarter. Company insiders own 31.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BMO Capital Markets set a $76.00 price objective on Urban Outfitters and gave the company a "market perform" rating in a research note on Thursday, May 22nd. UBS Group lifted their price objective on Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday. Glj Research reiterated a "sell" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Barclays lifted their price objective on Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Urban Outfitters presently has an average rating of "Hold" and a consensus price target of $69.36.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN traded down $2.51 during trading on Friday, reaching $69.96. The company had a trading volume of 2,976,473 shares, compared to its average volume of 1,964,752. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. The stock's fifty day moving average price is $55.04 and its 200 day moving average price is $53.47. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $75.80.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. Urban Outfitters's quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

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.