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

Proficio Capital Partners LLC raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,950 shares of the apparel retailer’s stock after purchasing an additional 500 shares during the quarter. Proficio Capital Partners LLC’s holdings in Urban Outfitters were worth $875,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Urban Outfitters by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock worth $64,482,000 after purchasing an additional 60,697 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of 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 last quarter. Jones Financial Companies Lllp raised its stake in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Bailard Inc. purchased a new stake in shares of Urban Outfitters in the fourth quarter worth approximately $533,000. Finally, 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 during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Wesley S. Mcdonald sold 8,300 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the transaction, the director now directly owns 15,450 shares in the company, valued at $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the director now 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 disclosure for this sale can be found here. Over the last three months, insiders sold 99,976 shares of company stock worth $5,573,263. 31.80% of the stock is owned by corporate insiders.

Urban Outfitters Trading Up 0.4 %

Shares of NASDAQ URBN opened at $49.13 on Friday. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The stock has a fifty day simple moving average of $54.82 and a two-hundred day simple moving average of $46.98. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion during 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%. Analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

URBN has been the subject of a number of research analyst reports. Bank of America increased their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. Barclays increased their price target on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their price target on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. 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, Urban Outfitters currently 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.