Raymond James Financial Inc. Invests $513,000 in Urban Outfitters, Inc. (NASDAQ:URBN)

Raymond James Financial Inc. purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,340 shares of the apparel retailer's stock, valued at approximately $513,000.

Several other hedge funds have also bought and sold shares of the stock. Jones Financial Companies Lllp grew its stake in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC increased its stake 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 purchasing an additional 202 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after buying an additional 1,125 shares in the last quarter. Asset Management One Co. Ltd. increased 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 worth $95,000 after purchasing an additional 470 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of 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 buying an additional 250 shares during the period. Institutional investors own 77.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on URBN shares. StockNews.com downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Morgan Stanley reduced their price objective on Urban Outfitters from $63.00 to $62.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Robert W. Baird raised their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. Wells Fargo & Company decreased their target price on 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. Finally, JPMorgan Chase & Co. reduced their target price on Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $54.18.

Insiders Place Their Bets

In other news, insider Azeez Hayne sold 11,676 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the company'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 transaction, the director now directly owns 15,450 shares in the company, valued at approximately $902,898. This trade represents a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,976 shares of company stock valued at $1,663,713. 31.60% of the stock is owned by company insiders.

Urban Outfitters Stock Performance

URBN stock traded up $0.06 during midday trading on Friday, reaching $51.85. 1,395,448 shares of the company were exchanged, compared to its average volume of 1,892,078. The stock's 50-day simple moving average is $50.71 and its 200 day simple moving average is $50.61. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16.

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

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.