Envestnet Asset Management Inc. Grows Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Envestnet Asset Management Inc. boosted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,784 shares of the apparel retailer’s stock after purchasing an additional 638 shares during the period. Envestnet Asset Management Inc.’s holdings in Urban Outfitters were worth $866,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Friedenthal Financial acquired a new stake in shares of Urban Outfitters during the 4th quarter worth $765,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Urban Outfitters by 1,016.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer’s stock worth $7,223,000 after purchasing an additional 119,820 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Urban Outfitters by 17,631.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer’s stock valued at $1,966,000 after purchasing an additional 35,615 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Urban Outfitters by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer’s stock worth $38,754,000 after purchasing an additional 51,657 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Urban Outfitters by 5.4% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $52.83 on Friday. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $61.16. The business’s 50-day simple moving average is $51.14 and its 200 day simple moving average is $49.75.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Activity at Urban Outfitters

In other news, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $53.94, for a total value of $539,400.00. Following the completion of the transaction, the chief executive officer now owns 12,601 shares in the company, valued at approximately $679,697.94. This trade represents a 44.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now directly owns 15,450 shares in the company, valued at approximately $902,898. This represents a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,976 shares of company stock valued at $1,663,713 over the last ninety days. Corporate insiders own 31.80% of the company’s stock.

Analysts Set New Price Targets

URBN has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Urban Outfitters from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group lifted their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, January 10th. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Robert W. Baird boosted their price objective on Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Finally, Citigroup decreased their target price on Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $54.27.

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.