NorthRock Partners LLC Takes $7.60 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

NorthRock Partners LLC purchased 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 (SEC). The institutional investor purchased 138,400 shares of the apparel retailer’s stock, valued at approximately $7,595,000. NorthRock Partners LLC owned approximately 0.15% of Urban Outfitters at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in URBN. Franklin Resources Inc. raised its position in shares of Urban Outfitters by 7.6% during the 3rd 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 in the last quarter. GAMMA Investing LLC raised its stake 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 acquiring an additional 202 shares during the period. Hennessy Advisors Inc. increased its position in Urban Outfitters by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 225,200 shares of the apparel retailer’s stock worth $12,359,000 after buying an additional 14,400 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Urban Outfitters during the 4th quarter valued at $219,000. Finally, KBC Group NV boosted its position in Urban Outfitters by 41.8% during the 4th quarter. KBC Group NV now owns 2,959 shares of the apparel retailer’s stock worth $162,000 after acquiring an additional 872 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the sale, the chief executive officer now directly owns 12,601 shares of the company’s stock, valued at $679,697.94. This trade represents a 44.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Azeez Hayne sold 11,676 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were 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. In the last three months, insiders sold 29,976 shares of company stock valued at $1,663,713. Company insiders own 31.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Urban Outfitters from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday. Barclays decreased their price objective on shares of Urban Outfitters from $68.00 to $59.00 and set an “overweight” rating for the company in a report on Monday. Robert W. Baird boosted their target price on Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Wells Fargo & Company cut their target price on Urban Outfitters from $65.00 to $55.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. Finally, StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. One research 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 MarketBeat.com, Urban Outfitters has an average rating of “Hold” and a consensus price target of $52.82.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $59.33 on Wednesday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 1.02 and a beta of 1.33. The stock has a 50-day simple moving average of $50.82 and a 200-day simple moving average of $50.82. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.63 billion. As a group, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share 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.