AlphaQuest LLC Sells 8,112 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

AlphaQuest LLC cut its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 89.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 930 shares of the apparel retailer’s stock after selling 8,112 shares during the period. AlphaQuest LLC’s holdings in Urban Outfitters were worth $51,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Jones Financial Companies Lllp increased 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 valued at $29,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Urban Outfitters by 10.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock valued at $146,000 after purchasing an additional 250 shares during the last quarter. Quarry LP increased its position in shares of Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Urban Outfitters by 2.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,060 shares of the apparel retailer’s stock valued at $1,046,000 after purchasing an additional 365 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Stock Down 0.7 %

Shares of URBN opened at $48.95 on Friday. The business’s 50-day moving average price is $54.98 and its 200-day moving average price is $46.89. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $61.16. The stock has a market cap of $4.52 billion, a PE ratio of 14.03, a P/E/G ratio of 1.02 and a beta of 1.56.

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. The company 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%. Analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of the stock in a transaction on Monday, March 3rd. The stock was 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 owns 15,450 shares in the company, valued at approximately $902,898. This represents a 34.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,976 shares of company stock valued at $5,573,263 over the last quarter. 31.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on URBN shares. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, March 1st. JPMorgan Chase & Co. raised their target price on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. Finally, Wells Fargo & Company lifted their price objective on Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.