Raymond James Financial Services Advisors Inc. Purchases Shares of 32,260 Urban Outfitters, Inc. (NASDAQ:URBN)

Raymond James Financial Services Advisors Inc. purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,260 shares of the apparel retailer’s stock, valued at approximately $1,151,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in Urban Outfitters by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 42,714 shares of the apparel retailer’s stock valued at $1,415,000 after purchasing an additional 277 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Urban Outfitters by 6.7% during the second quarter. Ameritas Investment Partners Inc. now owns 5,274 shares of the apparel retailer’s stock valued at $175,000 after buying an additional 329 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Urban Outfitters by 3.7% during the second quarter. Commonwealth Equity Services LLC now owns 10,314 shares of the apparel retailer’s stock valued at $342,000 after buying an additional 367 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Urban Outfitters by 20.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,374 shares of the apparel retailer’s stock valued at $57,000 after buying an additional 400 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Urban Outfitters by 5.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,660 shares of the apparel retailer’s stock valued at $287,000 after buying an additional 430 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Urban Outfitters news, insider Azeez Hayne sold 2,878 shares of Urban Outfitters stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $40.75, for a total value of $117,278.50. Following the sale, the insider now owns 2,878 shares of the company’s stock, valued at $117,278.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Melanie Marein-Efron sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total value of $244,320.00. Following the sale, the chief financial officer now owns 908 shares of the company’s stock, valued at $36,973.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Azeez Hayne sold 2,878 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $40.75, for a total transaction of $117,278.50. Following the completion of the sale, the insider now directly owns 2,878 shares in the company, valued at approximately $117,278.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,473 shares of company stock valued at $757,483. Company insiders own 31.90% of the company’s stock.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $38.77 on Friday. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 0.62 and a beta of 1.53. Urban Outfitters, Inc. has a 52 week low of $25.52 and a 52 week high of $47.29. The firm’s 50-day simple moving average is $42.22 and its two-hundred day simple moving average is $37.94.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, February 27th. The apparel retailer reported $0.69 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.04). The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. Analysts forecast that Urban Outfitters, Inc. will post 3.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, March 1st. UBS Group lifted their price objective on shares of Urban Outfitters from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th. BMO Capital Markets lifted their price objective on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. Finally, Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters has an average rating of “Hold” and an average target price of $39.58.

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 Nully. 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.