Algert Global LLC Increases Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Algert Global LLC grew its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 36.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 53,715 shares of the apparel retailer’s stock after purchasing an additional 14,220 shares during the period. Algert Global LLC owned approximately 0.06% of Urban Outfitters worth $2,058,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 354 shares in the last quarter. Quarry LP grew its position in Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Urban Outfitters during the 2nd quarter valued at about $42,000. Asset Management One Co. Ltd. bought a new stake in Urban Outfitters during the 3rd quarter valued at about $47,000. Finally, Meeder Asset Management Inc. purchased a new position in Urban Outfitters in the second quarter worth about $48,000. 77.61% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 31.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on URBN shares. Robert W. Baird raised their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday. Bank of America lifted their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Wells Fargo & Company boosted their target price on Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Barclays raised their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Urban Outfitters has an average rating of “Hold” and an average price target of $46.27.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $47.49 on Thursday. Urban Outfitters, Inc. has a 1-year low of $33.17 and a 1-year high of $48.90. The company’s fifty day simple moving average is $37.24 and its 200-day simple moving average is $40.06. The stock has a market capitalization of $4.38 billion, a PE ratio of 14.52, a P/E/G ratio of 0.95 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.28. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 3.65 EPS 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.