Quinn Opportunity Partners LLC Makes New Investment in Urban Outfitters, Inc. (NASDAQ:URBN)

Quinn Opportunity Partners LLC purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 56,000 shares of the apparel retailer’s stock, valued at approximately $3,073,000. Quinn Opportunity Partners LLC owned 0.06% of Urban Outfitters as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in Urban Outfitters by 1.1% during the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after buying an additional 31,100 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Urban Outfitters by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after acquiring an additional 18,249 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Urban Outfitters by 7.6% during the third quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock valued at $1,315,000 after acquiring an additional 2,527 shares during the period. GAMMA Investing LLC raised its holdings in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares in the last quarter. Finally, Diversified Trust Co lifted its position in Urban Outfitters by 10.6% in the fourth quarter. Diversified Trust Co now owns 18,765 shares of the apparel retailer’s stock worth $1,030,000 after purchasing an additional 1,801 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Azeez Hayne sold 11,676 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total transaction of $485,052.00. Following the completion of the sale, the director now directly owns 15,450 shares of the company’s stock, valued at approximately $902,898. The trade was a 34.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,976 shares of company stock worth $2,421,213. Corporate insiders own 31.80% of the company’s stock.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $48.42 on Friday. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $61.16. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.02 and a beta of 1.37. The company has a 50 day moving average price of $52.84 and a 200 day moving average price of $48.47.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. Equities analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

URBN has been the topic of a number of research reports. Wells Fargo & Company boosted 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. Barclays lifted their target price on Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Robert W. Baird upped their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. StockNews.com raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.55.

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.