Wealthfront Advisers LLC Acquires Shares of 385,200 Urban Outfitters, Inc. (NASDAQ:URBN)

Wealthfront Advisers LLC purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 385,200 shares of the apparel retailer’s stock, valued at approximately $21,140,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Urban Outfitters by 15.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,721 shares of the apparel retailer’s stock valued at $808,000 after purchasing an additional 1,946 shares during the last quarter. Amundi lifted its position in Urban Outfitters by 850.3% in the fourth quarter. Amundi now owns 34,191 shares of the apparel retailer’s stock worth $1,952,000 after buying an additional 30,593 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Urban Outfitters by 2.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 19,060 shares of the apparel retailer’s stock worth $1,046,000 after purchasing an additional 365 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Urban Outfitters during the fourth quarter valued at $513,000. Finally, Proficio Capital Partners LLC grew its stake in Urban Outfitters by 3.2% in the fourth quarter. Proficio Capital Partners LLC now owns 15,950 shares of the apparel retailer’s stock valued at $875,000 after purchasing an additional 500 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now owns 15,450 shares of the company’s stock, valued at approximately $902,898. The trade was a 34.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the sale, the director now directly owns 510,296 shares in the company, valued at $29,245,063.76. This trade represents a 9.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,300 shares of company stock valued at $4,394,602 in the last quarter. Company insiders own 31.80% of the company’s stock.

Urban Outfitters Stock Down 0.8 %

URBN opened at $54.23 on Wednesday. The firm has a market cap of $5.00 billion, a PE ratio of 15.54, a P/E/G ratio of 1.02 and a beta of 1.56. The business has a fifty day simple moving average of $55.99 and a 200-day simple moving average of $46.39. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $61.16.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. On average, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on URBN. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, March 1st. Barclays upped their price target on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. Wells Fargo & Company increased their price objective on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Finally, Bank of America increased their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $56.00.

Urban Outfitters Company 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.