Friedenthal Financial Invests $765,000 in Urban Outfitters, Inc. (NASDAQ:URBN)

Friedenthal Financial bought a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,936 shares of the apparel retailer’s stock, valued at approximately $765,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its position in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares in the last quarter. Quarry LP grew its stake in shares of Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Urban Outfitters in the 2nd quarter valued at about $42,000. GAMMA Investing LLC lifted its position in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 202 shares during the period. Finally, Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters in the third quarter worth $47,000. Institutional investors own 77.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on URBN shares. UBS Group increased their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company boosted their target price on Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday. Morgan Stanley raised their price target on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Finally, Barclays upped their price target on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One research 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.com, Urban Outfitters presently has a consensus rating of “Hold” and a consensus target price of $49.64.

Urban Outfitters Trading Down 2.0 %

Urban Outfitters stock traded down $1.14 during trading on Monday, hitting $55.82. 3,447,498 shares of the company were exchanged, compared to its average volume of 2,023,921. The business’s 50 day moving average is $48.29 and its 200 day moving average is $42.63. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $59.05. The company has a market capitalization of $5.15 billion, a P/E ratio of 15.99, a PEG ratio of 1.10 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business posted $0.88 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts expect that Urban Outfitters, Inc. will post 3.88 EPS for the current 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.