Stifel Financial Corp grew its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 73.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,306 shares of the apparel retailer’s stock after acquiring an additional 15,327 shares during the quarter. Stifel Financial Corp’s holdings in Urban Outfitters were worth $1,206,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in URBN. Huntington National Bank raised its position in Urban Outfitters by 42.7% in the fourth quarter. Huntington National Bank now owns 1,233 shares of the apparel retailer’s stock worth $41,000 after acquiring an additional 369 shares in the last quarter. Bessemer Group Inc. raised its holdings in Urban Outfitters by 105.5% during the 4th quarter. Bessemer Group Inc. now owns 972 shares of the apparel retailer’s stock worth $32,000 after buying an additional 499 shares during the period. Contravisory Investment Management Inc. raised its holdings in Urban Outfitters by 4.4% during the 4th quarter. Contravisory Investment Management Inc. now owns 12,835 shares of the apparel retailer’s stock worth $426,000 after buying an additional 544 shares during the period. Comerica Bank raised its holdings in Urban Outfitters by 1.3% during the 4th quarter. Comerica Bank now owns 49,939 shares of the apparel retailer’s stock worth $1,600,000 after buying an additional 653 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Urban Outfitters by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 20,378 shares of the apparel retailer’s stock worth $677,000 after buying an additional 848 shares during the period. 80.28% of the stock is owned by institutional investors.
Shares of URBN stock traded down $0.30 during trading hours on Friday, reaching $29.32. 2,248,648 shares of the company’s stock were exchanged, compared to its average volume of 2,838,305. Urban Outfitters, Inc. has a fifty-two week low of $27.60 and a fifty-two week high of $52.50. The firm has a market cap of $3.07 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 1.00 and a beta of 0.54.
Several equities analysts have weighed in on the company. ValuEngine cut Urban Outfitters from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and set a $32.74 target price on the stock in a research note on Wednesday, January 9th. Deutsche Bank set a $33.00 target price on Urban Outfitters and gave the company a “hold” rating in a research note on Friday, February 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $37.00 target price (down previously from $42.00) on shares of Urban Outfitters in a research note on Friday, January 11th. Finally, Royal Bank of Canada lowered their target price on Urban Outfitters from $35.00 to $29.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Urban Outfitters has an average rating of “Hold” and a consensus price target of $40.24.
In related news, Director Edward N. Antoian sold 18,006 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $33.23, for a total value of $598,339.38. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $664,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Calvin Hollinger sold 23,813 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $29.13, for a total value of $693,672.69. The disclosure for this sale can be found here. Insiders sold 104,200 shares of company stock valued at $3,237,851 over the last 90 days. 24.80% of the stock is currently owned by corporate insiders.
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About Urban Outfitters
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.
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