Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. lowered its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,000 shares of the apparel retailer’s stock after selling 6,250 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in Urban Outfitters were worth $892,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Castleview Partners LLC acquired a new position in Urban Outfitters in the third quarter valued at $39,000. Neo Ivy Capital Management acquired a new position in shares of Urban Outfitters during the third quarter worth about $81,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Urban Outfitters during the third quarter worth about $112,000. Headlands Technologies LLC acquired a new position in shares of Urban Outfitters during the fourth quarter worth about $150,000. Finally, CI Investments Inc. acquired a new position in shares of Urban Outfitters during the third quarter worth about $159,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Insiders Place Their Bets

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

Urban Outfitters Stock Up 4.5 %

Shares of NASDAQ:URBN traded up $1.75 during trading on Friday, hitting $40.53. 1,851,142 shares of the company traded hands, compared to its average volume of 1,636,118. The business’s fifty day moving average is $41.57 and its 200-day moving average is $38.39. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.64 and a beta of 1.53. Urban Outfitters, Inc. has a one year low of $25.69 and a one year high of $47.29.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). The business had revenue of $1.49 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. On average, analysts forecast that Urban Outfitters, Inc. will post 3.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on URBN. Telsey Advisory Group boosted their price objective on Urban Outfitters from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. dropped their target price 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. UBS Group lifted their target price on Urban Outfitters from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Finally, Jefferies Financial Group lowered Urban Outfitters from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $42.00 to $32.00 in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.67.

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.