Steward Partners Investment Advisory LLC Has $146,000 Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Steward Partners Investment Advisory LLC raised its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,664 shares of the apparel retailer’s stock after buying an additional 250 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Urban Outfitters were worth $146,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its stake in shares of Urban Outfitters by 5,565.6% in the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock valued at $48,038,000 after buying an additional 859,886 shares during the period. Cerity Partners LLC acquired a new stake in Urban Outfitters in the 3rd quarter valued at $8,340,000. Allspring Global Investments Holdings LLC increased its stake in Urban Outfitters by 1,016.6% during 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 in the last quarter. Fisher Asset Management LLC raised its holdings in 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 worth $120,122,000 after buying an additional 115,390 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in shares of Urban Outfitters in the third quarter valued at $3,894,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $48.81 on Monday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $61.16. The firm’s 50-day simple moving average is $55.64 and its two-hundred day simple moving average is $46.68.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Activity

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the sale, the director now owns 510,296 shares of the company’s stock, valued at $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Azeez Hayne sold 11,676 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. Insiders have sold 99,976 shares of company stock valued at $5,573,263 in the last 90 days. Insiders own 31.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Telsey Advisory Group boosted 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 report on Thursday, February 27th. Wells Fargo & Company increased their price objective on Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price target for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. Finally, Barclays raised their price objective on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $56.00.

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.