NorthRock Partners LLC Takes $7.60 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

NorthRock Partners LLC purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN) in the 4th quarter, Holdings Channel.com reports. The firm purchased 138,400 shares of the apparel retailer’s stock, valued at approximately $7,595,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in URBN. Jones Financial Companies Lllp lifted its position in shares of Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after buying an additional 200 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Urban Outfitters by 10.4% in the 4th 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. Natixis Advisors LLC lifted its holdings in Urban Outfitters by 1.7% during the 4th quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer’s stock valued at $847,000 after purchasing an additional 252 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in Urban Outfitters by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer’s stock valued at $364,000 after buying an additional 351 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Trading Up 3.6%

Shares of Urban Outfitters stock opened at $59.33 on Wednesday. The company has a market capitalization of $5.50 billion, a PE ratio of 17.00, a PEG ratio of 1.02 and a beta of 1.33. The stock’s fifty day simple moving average is $50.82 and its 200 day simple moving average is $50.82. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $61.16.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data 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. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Robert W. Baird lifted their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. decreased their target price on Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Wells Fargo & Company cut their price target on Urban Outfitters from $65.00 to $55.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Morgan Stanley decreased their price objective on shares of Urban Outfitters from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Finally, StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.82.

Insider Activity at Urban Outfitters

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the business’s stock in a transaction dated 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 directly owns 15,450 shares in the company, valued at $902,898. The trade was a 34.95% decrease in their position. The transaction 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 the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the sale, the chief executive officer now owns 12,601 shares of the company’s stock, valued at $679,697.94. This trade represents a 44.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,976 shares of company stock valued at $1,663,713. Insiders own 31.60% of the company’s stock.

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.