Ieq Capital LLC Acquires Shares of 11,002 Urban Outfitters, Inc. (NASDAQ:URBN)

Ieq Capital LLC acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,002 shares of the apparel retailer’s stock, valued at approximately $604,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Urban Outfitters by 32.5% in the third quarter. Signaturefd LLC now owns 2,954 shares of the apparel retailer’s stock worth $113,000 after buying an additional 724 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Urban Outfitters by 80.9% during the third quarter. Assenagon Asset Management S.A. now owns 139,361 shares of the apparel retailer’s stock worth $5,339,000 after acquiring an additional 62,343 shares during the period. Farther Finance Advisors LLC raised its position in Urban Outfitters by 26.9% during the third quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock valued at $142,000 after acquiring an additional 785 shares in the last quarter. Finally, James Investment Research Inc. lifted its holdings in Urban Outfitters by 33.2% in the third quarter. James Investment Research Inc. now owns 10,521 shares of the apparel retailer’s stock valued at $403,000 after acquiring an additional 2,620 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the director now directly owns 495,296 shares of the company’s stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.80% of the stock is owned by corporate insiders.

Urban Outfitters Stock Performance

Shares of URBN opened at $52.63 on Wednesday. The stock has a 50 day moving average price of $55.78 and a 200 day moving average price of $45.28. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $60.90. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

URBN has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Barclays lifted their price objective on shares of Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Robert W. Baird increased their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Telsey Advisory Group restated a “market perform” rating and issued a $56.00 price target on shares of Urban Outfitters in a research note on Wednesday, February 19th. Finally, Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $53.64.

About Urban Outfitters

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.