Proficio Capital Partners LLC Grows Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Proficio Capital Partners LLC boosted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 5,565.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 875,336 shares of the apparel retailer’s stock after purchasing an additional 859,886 shares during the quarter. Proficio Capital Partners LLC owned about 0.95% of Urban Outfitters worth $48,038,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of URBN. Blue Trust Inc. grew its holdings in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the period. GAMMA Investing LLC grew its holdings in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares during the period. Asset Management One Co. Ltd. purchased a new stake in Urban Outfitters in the third quarter valued at approximately $47,000. Quarry LP grew its stake in Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after buying an additional 298 shares during the period. Finally, KBC Group NV grew its stake in Urban Outfitters by 39.8% during the third quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock worth $80,000 after buying an additional 594 shares during the period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the transaction, the director now directly owns 495,296 shares in the company, valued at $25,012,448. This represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 31.80% of the stock is currently owned by insiders.

Urban Outfitters Trading Up 1.6 %

NASDAQ URBN opened at $58.19 on Friday. The stock has a market cap of $5.37 billion, a P/E ratio of 16.67, a PEG ratio of 1.02 and a beta of 1.54. The company’s fifty day simple moving average is $55.91 and its 200-day simple moving average is $45.54. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $60.90.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS 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 firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. On average, research analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on URBN shares. Wells Fargo & Company boosted their price objective on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group boosted their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Barclays boosted their price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Bank of America boosted their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $56.00.

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 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.