Charles Schwab Investment Management Inc. Increases Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Charles Schwab Investment Management Inc. boosted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,174,966 shares of the apparel retailer’s stock after purchasing an additional 60,697 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Urban Outfitters were worth $64,482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Steward Partners Investment Advisory LLC grew its holdings in Urban Outfitters by 10.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock worth $146,000 after purchasing an additional 250 shares during the period. Jones Financial Companies Lllp increased its position in shares of 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. Bailard Inc. bought a new stake in shares of Urban Outfitters during the fourth quarter valued at approximately $533,000. Smartleaf Asset Management LLC increased its position in shares of Urban Outfitters by 315.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock valued at $82,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after acquiring an additional 115,390 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $52.97 on Thursday. The company’s fifty day simple moving average is $55.95 and its 200-day simple moving average is $46.44. The stock has a market capitalization of $4.89 billion, a PE ratio of 15.18, a P/E/G ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, topping the consensus estimate 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 net margin of 6.11% and a return on equity of 15.86%. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Transactions at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the transaction, the director now owns 510,296 shares in the company, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now owns 15,450 shares in the company, valued at approximately $902,898. This trade represents a 34.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,976 shares of company stock worth $5,573,263 in the last 90 days. 31.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on URBN. Telsey Advisory Group raised their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Wells Fargo & Company raised 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. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, March 1st. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. Finally, Bank of America raised their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and an average price target 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.