208,163 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Purchased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC acquired a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 208,163 shares of the apparel retailer's stock, valued at approximately $11,424,000. Silvercrest Asset Management Group LLC owned approximately 0.23% of Urban Outfitters at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. boosted its stake in Urban Outfitters by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer's stock worth $1,315,000 after purchasing an additional 2,527 shares during the period. Crossmark Global Holdings Inc. bought a new position in Urban Outfitters in the 4th quarter worth approximately $219,000. KBC Group NV boosted its stake in Urban Outfitters by 41.8% in the 4th quarter. KBC Group NV now owns 2,959 shares of the apparel retailer's stock worth $162,000 after purchasing an additional 872 shares during the period. Empirical Finance LLC bought a new position in Urban Outfitters in the 4th quarter worth approximately $813,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Urban Outfitters by 1,016.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock worth $7,223,000 after purchasing an additional 119,820 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Trading Down 0.1%

Shares of NASDAQ URBN traded down $0.08 during mid-day trading on Tuesday, reaching $61.34. The company had a trading volume of 2,977,790 shares, compared to its average volume of 1,917,734. The business's 50-day moving average is $51.66 and its 200-day moving average is $51.70. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 17.58, 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.

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, topping analysts' consensus estimates of $0.89 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Tricia D. Smith sold 10,000 shares of the stock in a transaction 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 owns 12,601 shares in the company, valued at $679,697.94. This represents a 44.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the 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 disclosure for this sale can be found here. Insiders sold 29,976 shares of company stock worth $1,663,713 in the last 90 days. Insiders own 31.60% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on URBN. Citigroup dropped their price target on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird boosted their target price on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. upped their target price on shares of Urban Outfitters from $50.00 to $63.00 and gave the company a "neutral" rating in a research report on Monday. Barclays upped their target price on shares of Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, UBS Group upped their target price on shares of Urban Outfitters from $45.00 to $54.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $55.27.

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.