Granite Point Capital Management L.P. bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 40,000 shares of the apparel retailer’s stock, valued at approximately $1,328,000.

A number of other large investors have also recently made changes to their positions in the business. LS Investment Advisors LLC boosted its position in Urban Outfitters by 78.1% in the fourth quarter. LS Investment Advisors LLC now owns 8,037 shares of the apparel retailer’s stock worth $267,000 after purchasing an additional 3,524 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Urban Outfitters in the fourth quarter worth about $226,000. First Mercantile Trust Co. boosted its position in Urban Outfitters by 26.5% in the fourth quarter. First Mercantile Trust Co. now owns 5,340 shares of the apparel retailer’s stock worth $177,000 after purchasing an additional 1,118 shares during the last quarter. Rhumbline Advisers boosted its position in Urban Outfitters by 40.5% in the fourth quarter. Rhumbline Advisers now owns 204,367 shares of the apparel retailer’s stock worth $6,785,000 after purchasing an additional 58,956 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in Urban Outfitters by 91.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 15,338 shares of the apparel retailer’s stock worth $509,000 after purchasing an additional 7,320 shares during the last quarter. 82.25% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on URBN shares. BidaskClub downgraded Urban Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Zacks Investment Research downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Urban Outfitters in a research note on Tuesday, November 20th. Telsey Advisory Group decreased their price objective on Urban Outfitters from $44.00 to $42.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 20th. Finally, Royal Bank of Canada decreased their price objective on Urban Outfitters to $46.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 20th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.81.

Shares of URBN opened at $30.90 on Monday. The company has a market cap of $3.33 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 0.97 and a beta of 0.58. Urban Outfitters, Inc. has a 12-month low of $30.54 and a 12-month high of $52.50.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, November 19th. The apparel retailer reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $973.50 million for the quarter, compared to the consensus estimate of $967.82 million. Urban Outfitters had a return on equity of 20.65% and a net margin of 5.44%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. On average, equities analysts forecast that Urban Outfitters, Inc. will post 2.71 earnings per share for the current fiscal year.

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Urban Outfitters Company Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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