Formula Growth Ltd. Invests $4.94 Million in Urban Outfitters, Inc. (NASDAQ:URBN)

Formula Growth Ltd. acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 90,000 shares of the apparel retailer’s stock, valued at approximately $4,939,000. Urban Outfitters makes up approximately 1.7% of Formula Growth Ltd.’s investment portfolio, making the stock its 12th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 200 shares during the period. GAMMA Investing LLC boosted its holdings in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the period. Steward Partners Investment Advisory LLC grew its position in Urban Outfitters by 10.4% during 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. Natixis Advisors LLC increased its stake in Urban Outfitters by 1.7% in the 4th quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer’s stock worth $847,000 after purchasing an additional 252 shares during the period. Finally, Summit Investment Advisors Inc. lifted its position in Urban Outfitters by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer’s stock valued at $364,000 after purchasing an additional 351 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Insider Buying and Selling

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 transaction of $757,500.00. Following the completion of the transaction, the director now owns 495,296 shares of the company’s stock, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Azeez Hayne sold 11,676 shares of the business’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 value of $639,261.00. The disclosure for this sale can be found here. Insiders sold a total of 44,976 shares of company stock worth $2,421,213 in the last three months. 31.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on URBN. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, April 11th. Barclays raised their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. UBS Group increased their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Citigroup reduced their price target on Urban Outfitters from $65.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company upped their price target on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given 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 $55.18.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN opened at $49.48 on Friday. The firm has a market capitalization of $4.58 billion, a P/E ratio of 14.18, a P/E/G ratio of 1.02 and a beta of 1.37. The stock has a 50 day moving average price of $51.88 and a 200-day moving average price of $48.83. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16.

Urban Outfitters (NASDAQ:URBN) last posted 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. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. On average, equities analysts forecast 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.