Counterpoint Mutual Funds LLC Makes New Investment in Urban Outfitters, Inc. (NASDAQ:URBN)

Counterpoint Mutual Funds LLC bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,244 shares of the apparel retailer’s stock, valued at approximately $288,000.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Urban Outfitters by 1.1% during the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after buying an additional 31,100 shares during the period. Fisher Asset Management LLC raised its position in shares of Urban Outfitters by 5.6% during the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after buying an additional 115,390 shares during the period. Geode Capital Management LLC raised its position in shares of Urban Outfitters by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after buying an additional 18,249 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Urban Outfitters by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock valued at $64,482,000 after buying an additional 60,697 shares during the period. Finally, Proficio Capital Partners LLC raised its position in shares of Urban Outfitters by 5,565.6% during the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock valued at $48,038,000 after buying an additional 859,886 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Insider Buying and Selling

In related news, insider Azeez Hayne sold 11,676 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s 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 completion of the sale, the director now directly owns 495,296 shares of the company’s stock, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,976 shares of company stock worth $5,573,263. Corporate insiders own 31.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on URBN shares. Wells Fargo & Company lifted their price target on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Bank of America lifted their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Barclays lifted their target price on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday, February 27th. Finally, Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and an average price target of $56.00.

Urban Outfitters Stock Down 0.2 %

NASDAQ:URBN opened at $49.03 on Wednesday. The company has a fifty day simple moving average of $55.30 and a two-hundred day simple moving average of $46.85. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $61.16.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. On average, analysts expect that Urban Outfitters, Inc. will post 3.91 EPS 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.