Commonwealth Equity Services LLC Has $375,000 Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Commonwealth Equity Services LLC decreased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 4.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,824 shares of the apparel retailer’s stock after selling 320 shares during the period. Commonwealth Equity Services LLC’s holdings in Urban Outfitters were worth $375,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Proficio Capital Partners LLC lifted its position in 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 worth $48,038,000 after buying an additional 859,886 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Urban Outfitters during the 4th quarter worth about $21,140,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Urban Outfitters by 1,016.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer’s stock valued at $7,223,000 after purchasing an additional 119,820 shares during the period. Fisher Asset Management LLC lifted its position in shares of Urban Outfitters by 5.6% in 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 buying an additional 115,390 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Urban Outfitters by 5.4% during 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 period. 77.61% of the stock is currently owned by institutional investors.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the transaction, the director now directly owns 15,450 shares of the company’s stock, valued at $902,898. This trade represents a 34.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total value of $539,400.00. Following the sale, the chief executive officer now owns 12,601 shares of the company’s stock, valued at approximately $679,697.94. This trade represents a 44.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,976 shares of company stock worth $5,573,263 over the last quarter. Corporate insiders own 31.80% of the company’s stock.

Analyst Upgrades and Downgrades

URBN has been the subject of a number of research reports. UBS Group raised their target price 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. Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. Wells Fargo & Company upped their target price on Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. increased their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Finally, Telsey Advisory Group increased 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 note on Thursday, February 27th. One 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 stock. According to data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and an average target price of $56.00.

Urban Outfitters Price Performance

URBN opened at $46.61 on Monday. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16. The firm’s fifty day moving average price is $53.81 and its two-hundred day moving average price is $48.22. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, equities analysts anticipate 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.