Bank of Montreal Can Acquires 570 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Bank of Montreal Can boosted its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 9.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,730 shares of the apparel retailer’s stock after purchasing an additional 570 shares during the period. Bank of Montreal Can’s holdings in Urban Outfitters were worth $369,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of URBN. Fisher Asset Management LLC lifted its position in shares of Urban Outfitters by 5.6% during the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after acquiring an additional 115,390 shares during the period. American Century Companies Inc. lifted its position in Urban Outfitters by 9.0% in the 4th quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer’s stock valued at $114,653,000 after acquiring an additional 173,082 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Urban Outfitters by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock worth $64,482,000 after purchasing an additional 60,697 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Urban Outfitters by 5,565.6% during the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock valued at $48,038,000 after purchasing an additional 859,886 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Urban Outfitters by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer’s stock valued at $38,754,000 after purchasing an additional 51,657 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Price Performance

Shares of URBN opened at $50.00 on Wednesday. The firm has a market cap of $4.63 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. The company has a 50 day simple moving average of $51.59 and a two-hundred day simple moving average of $49.09. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.63 billion. On average, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays boosted their price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. Robert W. Baird lifted their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their price target on Urban Outfitters from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $55.18.

Insider Activity at Urban Outfitters

In other news, insider Azeez Hayne sold 11,676 shares of Urban Outfitters stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wesley S. Mcdonald sold 8,300 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total transaction of $485,052.00. Following the transaction, the director now directly owns 15,450 shares of the company’s stock, valued at $902,898. This represents a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,976 shares of company stock worth $1,663,713 in the last 90 days. 31.80% of the stock is owned by corporate insiders.

Urban Outfitters Company 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.