EAM Global Investors LLC Acquires Shares of 89,934 Urban Outfitters, Inc. (NASDAQ:URBN)

EAM Global Investors LLC bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 89,934 shares of the apparel retailer’s stock, valued at approximately $4,936,000. EAM Global Investors LLC owned about 0.10% of Urban Outfitters at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake 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 purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 worth $42,000 after acquiring an additional 202 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock worth $82,000 after acquiring an additional 1,125 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock valued at $95,000 after acquiring an additional 470 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in 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 valued at $146,000 after acquiring an additional 250 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on URBN. Telsey Advisory Group upped their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Wells Fargo & Company raised their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. UBS Group lifted their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Robert W. Baird increased their price objective on Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. decreased their target price on Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $55.18.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 10,000 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the transaction, the chief executive officer now owns 12,601 shares in the company, valued at $679,697.94. This represents a 44.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares of the company’s stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,976 shares of company stock worth $2,421,213 over the last three months. Corporate insiders own 31.80% of the company’s stock.

Urban Outfitters Price Performance

URBN opened at $48.31 on Wednesday. The firm has a market capitalization of $4.48 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. The business’s 50-day moving average is $52.31 and its two-hundred day moving average is $48.68. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current 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.