Beck Bode LLC Takes Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Beck Bode LLC acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 122,235 shares of the apparel retailer’s stock, valued at approximately $6,708,000. Urban Outfitters comprises approximately 1.2% of Beck Bode LLC’s investment portfolio, making the stock its 27th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. 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 during the last quarter. American Century Companies Inc. boosted its position in shares of Urban Outfitters by 9.0% during the 4th quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock worth $114,653,000 after purchasing an additional 173,082 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Urban Outfitters by 5.4% in 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 purchasing an additional 60,697 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Urban Outfitters by 183,272.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer’s stock worth $60,079,000 after purchasing an additional 1,094,134 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in Urban Outfitters by 5,565.6% during the fourth quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock worth $48,038,000 after purchasing an additional 859,886 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Trading Up 3.2 %

Shares of URBN stock opened at $54.51 on Friday. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $61.16. The company has a market cap of $5.05 billion, a P/E ratio of 15.62, a PEG ratio of 1.02 and a beta of 1.37. The firm has a fifty day moving average price of $51.17 and a 200 day moving average price of $49.96.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on URBN. Robert W. Baird boosted their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Wells Fargo & Company reduced their price target on shares of Urban Outfitters from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Telsey Advisory Group raised their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Citigroup cut their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $54.27.

Insider Transactions at Urban Outfitters

In related news, Director Wesley S. Mcdonald sold 8,300 shares of the business’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 sale, the director now directly owns 15,450 shares of the company’s stock, valued at $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. The trade was a 44.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,976 shares of company stock worth $1,663,713. 31.80% of the stock is currently owned by insiders.

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.