Empirical Finance LLC Invests $813,000 in Urban Outfitters, Inc. (NASDAQ:URBN)

Empirical Finance LLC purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the 4th quarter, Holdings Channel.com reports. The fund purchased 14,808 shares of the apparel retailer’s stock, valued at approximately $813,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares during the last quarter. Quarry LP lifted its stake in shares of Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 298 shares during the period. Blue Trust Inc. boosted its holdings in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the last quarter. KBC Group NV increased its position in Urban Outfitters by 39.8% in the third quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock worth $80,000 after purchasing an additional 594 shares during the period. Finally, Prospera Financial Services Inc raised its holdings in Urban Outfitters by 7.7% during the 3rd quarter. Prospera Financial Services Inc now owns 8,537 shares of the apparel retailer’s stock worth $327,000 after purchasing an additional 607 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on URBN shares. Telsey Advisory Group lifted their price target on shares of Urban Outfitters from $46.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 14th. UBS Group lifted their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. JPMorgan Chase & Co. increased their price target on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Bank of America lifted their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Barclays increased their target price on Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and a consensus target price of $53.64.

Urban Outfitters Stock Performance

Shares of URBN opened at $56.04 on Tuesday. The stock has a 50 day simple moving average of $55.02 and a 200 day simple moving average of $44.32. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $60.90. The firm has a market capitalization of $5.17 billion, a PE ratio of 16.06, a P/E/G ratio of 1.07 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share 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 company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the sale, the director now directly owns 495,296 shares in the company, valued at $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 31.80% of the company’s stock.

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.