Dynamic Technology Lab Private Ltd Purchases 15,924 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Dynamic Technology Lab Private Ltd grew its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 186.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,474 shares of the apparel retailer’s stock after buying an additional 15,924 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Urban Outfitters were worth $1,344,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Urban Outfitters by 1.2% in the third 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 in the last quarter. Friedenthal Financial acquired a new position in shares of Urban Outfitters in the 4th quarter worth approximately $765,000. State Street Corp boosted its holdings in shares of Urban Outfitters by 1.1% in the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock worth $107,244,000 after acquiring an additional 31,100 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Urban Outfitters by 1,016.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer’s stock worth $7,223,000 after acquiring an additional 119,820 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Urban Outfitters by 17,631.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer’s stock valued at $1,966,000 after purchasing an additional 35,615 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Stock Up 3.0 %

URBN stock opened at $46.61 on Friday. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $61.16. The business’s fifty day moving average is $53.81 and its 200-day moving average is $48.15. The company has a market cap of $4.30 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. The firm 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%. Research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the transaction, the director now directly owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tricia D. Smith sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total value of $539,400.00. Following the sale, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. This represents a 44.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,976 shares of company stock valued at $5,573,263. Corporate insiders own 31.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on URBN. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. Robert W. Baird boosted their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Telsey Advisory Group upped their target price on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Finally, Barclays upped their price objective on Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters has an average rating of “Hold” and a consensus 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.