Keeley Teton Advisors LLC Lowers Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Keeley Teton Advisors LLC decreased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,521 shares of the apparel retailer’s stock after selling 2,779 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Urban Outfitters were worth $962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Investment Advisors Inc. grew its holdings in shares of Urban Outfitters by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer’s stock valued at $364,000 after acquiring an additional 351 shares in the last quarter. Sterling Capital Management LLC grew its stake in Urban Outfitters by 175.7% in the 4th quarter. Sterling Capital Management LLC now owns 28,716 shares of the apparel retailer’s stock valued at $1,576,000 after purchasing an additional 18,301 shares during the period. Quinn Opportunity Partners LLC bought a new stake in shares of Urban Outfitters during the 4th quarter worth $3,073,000. Covestor Ltd grew its position in Urban Outfitters by 159.5% during the fourth quarter. Covestor Ltd now owns 2,753 shares of the apparel retailer’s stock valued at $151,000 after buying an additional 1,692 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Urban Outfitters during the fourth quarter worth about $513,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

URBN has been the topic of several research analyst reports. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price target on Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. UBS Group boosted their price objective on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. cut their target price on shares of Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Citigroup lowered their price target on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.18.

Insider Transactions at Urban Outfitters

In other news, insider Azeez Hayne sold 11,676 shares of Urban Outfitters stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total value of $639,261.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the transaction, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,976 shares of company stock valued at $2,421,213. Corporate insiders own 31.80% of the company’s stock.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $47.70 on Thursday. The company’s 50 day moving average price is $52.13 and its 200-day moving average price is $48.67. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.89 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, equities research 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.