Cercano Management LLC Takes $18.82 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Cercano Management LLC acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 527,167 shares of the apparel retailer's stock, valued at approximately $18,815,000. Cercano Management LLC owned about 0.57% of Urban Outfitters as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of URBN. Castleview Partners LLC bought a new position in shares of Urban Outfitters during the third quarter worth $39,000. Neo Ivy Capital Management bought a new position in shares of Urban Outfitters during the third quarter worth $81,000. DekaBank Deutsche Girozentrale bought a new position in shares of Urban Outfitters during the third quarter worth $112,000. Headlands Technologies LLC bought a new position in shares of Urban Outfitters during the fourth quarter worth $150,000. Finally, CI Investments Inc. bought a new position in shares of Urban Outfitters during the third quarter worth $159,000. 77.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Urban Outfitters from $41.00 to $42.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 5th. StockNews.com cut shares of 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 shares of Urban Outfitters from $38.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. cut their price objective on shares of Urban Outfitters from $46.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. Finally, Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $44.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $39.67.

Insider Buying and Selling at Urban Outfitters

In other news, insider Azeez Hayne sold 2,878 shares of the business's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $40.75, for a total transaction of $117,278.50. Following the transaction, the insider now directly owns 2,878 shares in the company, valued at approximately $117,278.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Azeez Hayne sold 2,878 shares of the business's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $40.75, for a total transaction of $117,278.50. Following the transaction, the insider now directly owns 2,878 shares in the company, valued at approximately $117,278.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Melanie Marein-Efron sold 3,345 shares of the business's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $42.23, for a total transaction of $141,259.35. Following the transaction, the chief financial officer now owns 6,908 shares in the company, valued at $291,724.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,473 shares of company stock worth $757,483. Insiders own 31.80% of the company's stock.

Urban Outfitters Price Performance

URBN stock traded up $1.75 during midday trading on Friday, hitting $40.53. The company's stock had a trading volume of 1,851,142 shares, compared to its average volume of 1,636,118. Urban Outfitters, Inc. has a twelve month low of $25.69 and a twelve month high of $47.29. The company's fifty day moving average price is $41.57 and its 200 day moving average price is $38.43. The stock has a market capitalization of $3.78 billion, a P/E ratio of 13.33, a PEG ratio of 0.64 and a beta of 1.53.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The firm's quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts expect that Urban Outfitters, Inc. will post 3.51 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.