Granahan Investment Management LLC Buys Shares of 50,597 Urban Outfitters, Inc. (NASDAQ:URBN)

Granahan Investment Management LLC bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,597 shares of the apparel retailer's stock, valued at approximately $2,777,000. Granahan Investment Management LLC owned 0.05% of Urban Outfitters as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Focus Partners Wealth bought a new position in Urban Outfitters during the 4th quarter valued at about $227,000. Eisler Capital Management Ltd. bought a new position in Urban Outfitters during the 4th quarter valued at about $3,139,000. FORA Capital LLC bought a new position in Urban Outfitters during the 4th quarter valued at about $249,000. Deutsche Bank AG lifted its stake in Urban Outfitters by 280.6% during the 4th quarter. Deutsche Bank AG now owns 140,466 shares of the apparel retailer's stock valued at $7,709,000 after acquiring an additional 103,564 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Urban Outfitters during the 4th quarter valued at about $240,000. Institutional investors own 77.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on URBN. Citigroup reduced their price target on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group upped their price target on shares of Urban Outfitters from $45.00 to $54.00 and gave the company a "neutral" rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. 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 report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Urban Outfitters presently has an average rating of "Hold" and an average target price of $52.82.

Urban Outfitters Stock Up 1.8%

URBN stock traded up $1.05 during midday trading on Wednesday, hitting $60.38. The company's stock had a trading volume of 1,999,886 shares, compared to its average volume of 1,904,117. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $61.16. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. The company has a 50 day moving average of $50.82 and a two-hundred day moving average of $50.82.

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

Insiders Place Their Bets

In other news, insider Azeez Hayne sold 11,676 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the chief executive officer now owns 12,601 shares of the company's stock, valued at $679,697.94. This represents a 44.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,976 shares of company stock worth $1,663,713 in the last three months. 31.60% of the stock is owned by company insiders.

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.