Yousif Capital Management LLC Increases Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Yousif Capital Management LLC lifted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,988 shares of the apparel retailer’s stock after buying an additional 1,847 shares during the period. Yousif Capital Management LLC’s holdings in Urban Outfitters were worth $1,070,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Louisiana State Employees Retirement System purchased a new position in Urban Outfitters in the 4th quarter worth approximately $1,010,000. Vanguard Group Inc. increased its stake in Urban Outfitters by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,997,796 shares of the apparel retailer’s stock worth $228,758,000 after purchasing an additional 159,644 shares during the period. Caxton Associates LP purchased a new position in Urban Outfitters in the 3rd quarter worth approximately $744,000. Tudor Investment Corp Et Al increased its stake in Urban Outfitters by 2,657.9% in the 3rd quarter. Tudor Investment Corp Et Al now owns 232,603 shares of the apparel retailer’s stock worth $7,604,000 after purchasing an additional 224,169 shares during the period. Finally, Adage Capital Partners GP L.L.C. purchased a new position in Urban Outfitters in the 3rd quarter worth approximately $11,442,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Urban Outfitters

In other news, insider Azeez Hayne sold 2,878 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the completion of the transaction, the insider now owns 2,878 shares of the company’s stock, valued at $117,278.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Tricia D. Smith sold 6,250 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total value of $254,625.00. Following the completion of the transaction, the chief executive officer now owns 6,353 shares of the company’s stock, valued at $258,821.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 2,878 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the completion of the transaction, the insider now directly owns 2,878 shares of the company’s stock, valued at approximately $117,278.50. The disclosure for this sale can be found here. Insiders sold a total of 18,473 shares of company stock valued at $757,483 over the last 90 days. Company insiders own 31.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on URBN. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Jefferies Financial Group lowered Urban Outfitters from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $42.00 to $32.00 in a research report on Wednesday, April 17th. BMO Capital Markets lifted their price objective on Urban Outfitters from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. cut their price objective on Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Finally, Telsey Advisory Group lifted their price objective on Urban Outfitters from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $39.67.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $39.99 on Friday. The stock has a fifty day moving average of $41.15 and a 200 day moving average of $38.59. The stock has a market cap of $3.73 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.63 and a beta of 1.55. Urban Outfitters, Inc. has a one year low of $26.30 and a one year high of $47.29.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.51 EPS for the current fiscal year.

Urban Outfitters 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.