Phocas Financial Corp. Makes New $562,000 Investment in Urban Outfitters, Inc. (NASDAQ:URBN)

Phocas Financial Corp. acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the 4th quarter, HoldingsChannel reports. The fund acquired 10,242 shares of the apparel retailer’s stock, valued at approximately $562,000.

A number of other hedge funds have also recently modified their holdings of the stock. 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 valued at $25,000 after acquiring an additional 354 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Urban Outfitters by 32.5% during the 3rd quarter. Signaturefd LLC now owns 2,954 shares of the apparel retailer’s stock valued at $113,000 after purchasing an additional 724 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Urban Outfitters by 80.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 139,361 shares of the apparel retailer’s stock valued at $5,339,000 after purchasing an additional 62,343 shares during the period. Farther Finance Advisors LLC boosted its holdings in Urban Outfitters by 26.9% during the third quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock worth $142,000 after buying an additional 785 shares in the last quarter. Finally, James Investment Research Inc. boosted its holdings in Urban Outfitters by 33.2% during the third quarter. James Investment Research Inc. now owns 10,521 shares of the apparel retailer’s stock worth $403,000 after buying an additional 2,620 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the director now directly owns 495,296 shares of the company’s stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.80% of the stock is owned by corporate insiders.

Urban Outfitters Stock Performance

Shares of URBN opened at $52.63 on Wednesday. The stock has a 50 day moving average price of $55.78 and a 200 day moving average price of $45.28. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $60.90. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group lifted their price objective 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. Barclays lifted their price target on Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Wells Fargo & Company increased their price target on Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Bank of America raised their price objective on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird upped their target price on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. One investment 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. According to MarketBeat, Urban Outfitters presently has a consensus rating of “Hold” and a consensus target price of $53.64.

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.