Focus Partners Wealth Acquires Shares of 4,134 Urban Outfitters, Inc. (NASDAQ:URBN)

Focus Partners Wealth acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,134 shares of the apparel retailer’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its position in 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 buying an additional 200 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Urban Outfitters by 315.1% in 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 period. Asset Management One Co. Ltd. lifted its holdings in shares of Urban Outfitters by 38.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock worth $95,000 after acquiring an additional 470 shares during the last quarter. Steward Partners Investment Advisory LLC lifted 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 acquiring an additional 250 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Urban Outfitters by 159.5% during the 4th quarter. Covestor Ltd now owns 2,753 shares of the apparel retailer’s stock worth $151,000 after purchasing an additional 1,692 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Insider Buying and Selling

In related news, Director Wesley S. Mcdonald sold 8,300 shares of the firm’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 sale, the director now owns 15,450 shares of the company’s stock, valued at $902,898. This trade represents a 34.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tricia D. Smith sold 10,000 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now owns 12,601 shares of the company’s stock, valued at $679,697.94. This represents a 44.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,976 shares of company stock valued at $1,663,713 over the last 90 days. Corporate insiders own 31.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on URBN. UBS Group raised their price objective on shares of Urban Outfitters from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. BMO Capital Markets set a $76.00 price objective on Urban Outfitters and gave the company a “market perform” rating in a report on Thursday. JPMorgan Chase & Co. upgraded Urban Outfitters from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $63.00 to $78.00 in a research note on Thursday. Bank of America boosted their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.45.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $73.21 on Friday. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $73.68. The company has a 50-day moving average of $52.36 and a 200 day moving average of $52.01. The firm has a market cap of $6.78 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, beating the consensus estimate of $0.81 by $0.35. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal 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.