Point72 Hong Kong Ltd Purchases Shares of 13,202 Urban Outfitters, Inc. (NASDAQ:URBN)

Point72 Hong Kong Ltd bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,202 shares of the apparel retailer's stock, valued at approximately $725,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its stake in Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after buying an additional 200 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Urban Outfitters by 315.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after acquiring an additional 1,125 shares during the period. Asset Management One Co. Ltd. grew its holdings in Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock valued at $95,000 after buying an additional 470 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after acquiring an additional 250 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Urban Outfitters by 159.5% during the 4th quarter. Covestor Ltd now owns 2,753 shares of the apparel retailer's stock valued at $151,000 after purchasing an additional 1,692 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

Insider Activity

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the transaction, the director now owns 15,450 shares of the company's stock, valued at approximately $902,898. This represents a 34.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. The trade was a 44.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,976 shares of company stock valued at $1,663,713 over the last ninety days. 31.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on URBN. Morgan Stanley dropped their price target on Urban Outfitters from $63.00 to $62.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company decreased their target price on shares of Urban Outfitters from $65.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird boosted their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $50.00 to $63.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $59.00 price objective on shares of Urban Outfitters in a research report on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters presently has a consensus rating of "Hold" and an average price target of $54.00.

Urban Outfitters Stock Down 2.2%

Shares of NASDAQ URBN traded down $1.39 on Monday, reaching $61.42. 2,491,882 shares of the company's stock traded hands, compared to its average volume of 1,914,545. The business's 50 day simple moving average is $51.27 and its two-hundred day simple moving average is $51.45. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $63.21. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share 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.