NorthRock Partners LLC Takes Position in Urban Outfitters, Inc. (NASDAQ:URBN)

NorthRock Partners LLC purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 138,400 shares of the apparel retailer's stock, valued at approximately $7,595,000. NorthRock Partners LLC owned approximately 0.15% of Urban Outfitters at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Franklin Resources Inc. raised its position in Urban Outfitters by 7.6% in the third quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer's stock worth $1,315,000 after acquiring an additional 2,527 shares during the period. GAMMA Investing LLC raised its position in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after acquiring an additional 202 shares during the period. Hennessy Advisors Inc. raised its position in shares of Urban Outfitters by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 225,200 shares of the apparel retailer's stock valued at $12,359,000 after purchasing an additional 14,400 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Urban Outfitters in the fourth quarter valued at approximately $219,000. Finally, KBC Group NV raised its position in shares of Urban Outfitters by 41.8% in the fourth quarter. KBC Group NV now owns 2,959 shares of the apparel retailer's stock valued at $162,000 after purchasing an additional 872 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Stock Up 1.7%

Shares of NASDAQ URBN traded up $1.07 during trading on Friday, reaching $62.81. 2,238,609 shares of the company traded hands, compared to its average volume of 1,910,110. The firm has a 50 day simple moving average of $51.27 and a 200-day simple moving average of $51.24. The stock has a market capitalization of $5.82 billion, a PE ratio of 18.00, a P/E/G 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 for the quarter, topping the consensus estimate of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.63 billion. As a group, research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 10,000 shares of the business's 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 transaction, the chief executive officer now owns 12,601 shares of the company's stock, valued at approximately $679,697.94. The trade was a 44.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the transaction, the director now directly owns 15,450 shares in the company, valued at $902,898. This trade represents a 34.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,976 shares of company stock valued at $1,663,713 over the last 90 days. 31.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on URBN shares. JPMorgan Chase & Co. reduced their price objective on shares of Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Morgan Stanley lowered their price target on shares of Urban Outfitters from $63.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Wells Fargo & Company lowered their price target on shares of Urban Outfitters from $65.00 to $55.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, UBS Group upped their price objective on shares of Urban Outfitters from $45.00 to $54.00 and gave the stock a "neutral" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $52.82.

Urban Outfitters 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.