FORA Capital LLC Acquires Shares of 4,534 Urban Outfitters, Inc. (NASDAQ:URBN)

FORA Capital LLC bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,534 shares of the apparel retailer’s stock, valued at approximately $249,000.

Several other hedge funds have also recently modified their holdings of URBN. Jones Financial Companies Lllp lifted its holdings in Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC increased its position 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 purchasing an additional 202 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Urban Outfitters by 315.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock valued at $82,000 after acquiring an additional 1,125 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Urban Outfitters by 38.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock valued at $95,000 after purchasing an additional 470 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake 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 in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insiders Place Their Bets

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 completion of the transaction, the chief executive officer now owns 12,601 shares of the company’s stock, valued at $679,697.94. This represents a 44.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Azeez Hayne sold 11,676 shares of the company’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. Over the last 90 days, insiders sold 29,976 shares of company stock valued at $1,663,713. Corporate insiders own 31.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on URBN. Barclays raised their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Citigroup reduced their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. 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, April 14th. Telsey Advisory Group raised their price objective 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. Finally, Robert W. Baird boosted their target price on Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $54.18.

Urban Outfitters Trading Up 0.1 %

URBN stock opened at $51.85 on Friday. The firm has a 50 day moving average of $50.71 and a 200-day moving average of $50.50. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $61.16.

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

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.