Point72 Hong Kong Ltd Takes Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Point72 Hong Kong Ltd bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,202 shares of the apparel retailer’s stock, valued at approximately $725,000.

A number of other hedge funds have also recently modified their holdings of URBN. Jones Financial Companies Lllp grew its stake in shares of 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 last quarter. Smartleaf Asset Management LLC grew its stake 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 buying an additional 1,125 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Urban Outfitters by 38.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock valued at $95,000 after buying an additional 470 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Urban Outfitters by 10.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock worth $146,000 after purchasing an additional 250 shares in the last quarter. Finally, Covestor Ltd grew its stake in Urban Outfitters by 159.5% in the fourth quarter. Covestor Ltd now owns 2,753 shares of the apparel retailer’s stock worth $151,000 after purchasing an additional 1,692 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on URBN. Morgan Stanley dropped their price objective on Urban Outfitters from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on Urban Outfitters from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Barclays dropped their price objective on Urban Outfitters from $68.00 to $59.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Telsey Advisory Group increased their price objective on Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. One 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 company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.82.

Urban Outfitters Stock Up 2.3%

Urban Outfitters stock opened at $61.74 on Friday. The business has a fifty day moving average of $51.09 and a two-hundred day moving average of $51.06. The firm has a market cap of $5.72 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $61.83.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share 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 company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Equities analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Activity

In other news, CEO Tricia D. Smith sold 10,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the sale, the chief executive officer now owns 12,601 shares in the company, valued at approximately $679,697.94. This represents a 44.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the transaction, the director now directly owns 15,450 shares in the company, valued at approximately $902,898. The trade was a 34.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,976 shares of company stock worth $1,663,713. Insiders own 31.60% of the company’s stock.

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.