Raymond James Financial Services Advisors Inc. Buys New Shares in Urban Outfitters, Inc. (NASDAQ:URBN)

Raymond James Financial Services Advisors Inc. 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 Form 13F filing with the Securities and Exchange Commission. The firm bought 32,260 shares of the apparel retailer's stock, valued at approximately $1,151,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Urban Outfitters by 21.4% during the 1st quarter. BlackRock Inc. now owns 12,133,038 shares of the apparel retailer's stock valued at $336,328,000 after purchasing an additional 2,138,104 shares during the period. Shapiro Capital Management LLC increased its position in shares of Urban Outfitters by 4.6% during the 1st quarter. Shapiro Capital Management LLC now owns 9,472,995 shares of the apparel retailer's stock valued at $237,867,000 after purchasing an additional 420,001 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Urban Outfitters by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,997,796 shares of the apparel retailer's stock valued at $228,758,000 after purchasing an additional 159,644 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Urban Outfitters by 8.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,037,357 shares of the apparel retailer's stock valued at $101,382,000 after purchasing an additional 318,211 shares during the last quarter. Finally, State Street Corp increased its position in shares of Urban Outfitters by 2.4% during the 1st quarter. State Street Corp now owns 2,920,947 shares of the apparel retailer's stock valued at $80,969,000 after purchasing an additional 68,609 shares during the last quarter. Institutional investors own 77.61% of the company's stock.

Wall Street Analyst Weigh In

URBN has been the topic of several analyst reports. Telsey Advisory Group boosted their target price on Urban Outfitters from $44.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday, February 28th. StockNews.com downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. BMO Capital Markets boosted their price objective on Urban Outfitters from $38.00 to $42.00 and gave the company a "market perform" rating in a report on Thursday, February 29th. UBS Group boosted their price objective on Urban Outfitters from $41.00 to $42.00 and gave the company a "neutral" rating in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Urban Outfitters from $46.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, February 28th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $39.58.

Insider Activity at Urban Outfitters

In related news, CFO Melanie Marein-Efron sold 6,000 shares of the company's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $40.72, for a total transaction of $244,320.00. Following the transaction, the chief financial officer now directly owns 908 shares of the company's stock, valued at approximately $36,973.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Azeez Hayne sold 2,878 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the transaction, the insider now directly owns 2,878 shares of the company's stock, valued at $117,278.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Melanie Marein-Efron sold 6,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total value of $244,320.00. Following the completion of the transaction, the chief financial officer now directly owns 908 shares in the company, valued at $36,973.76. The disclosure for this sale can be found here. Insiders have sold 18,473 shares of company stock valued at $757,483 in the last ninety days. Corporate insiders own 31.90% of the company's stock.

Urban Outfitters Price Performance

Shares of URBN stock traded down $0.58 during mid-day trading on Friday, hitting $38.77. The stock had a trading volume of 2,369,882 shares, compared to its average volume of 1,481,687. The firm has a market capitalization of $3.62 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. Urban Outfitters, Inc. has a 12-month low of $25.52 and a 12-month high of $47.29. The firm's 50-day moving average is $42.22 and its two-hundred day moving average is $37.98.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The company's quarterly revenue was up 7.3% on a year-over-year basis. Analysts expect that Urban Outfitters, Inc. will post 3.53 EPS for the current year.

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 Nully. 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.