Conservest Capital Advisors Inc. Has $892,000 Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Conservest Capital Advisors Inc. cut its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,000 shares of the apparel retailer’s stock after selling 6,250 shares during the period. Conservest Capital Advisors Inc.’s holdings in Urban Outfitters were worth $892,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Castleview Partners LLC acquired a new position in Urban Outfitters during the third quarter valued at approximately $39,000. Neo Ivy Capital Management acquired a new stake in shares of Urban Outfitters in the third quarter valued at approximately $81,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Urban Outfitters in the third quarter valued at approximately $112,000. Headlands Technologies LLC acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at approximately $150,000. Finally, CI Investments Inc. acquired a new stake in shares of Urban Outfitters in the third quarter valued at approximately $159,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Price Performance

Urban Outfitters stock traded up $1.75 during mid-day trading on Friday, reaching $40.53. 1,851,142 shares of the company were exchanged, compared to its average volume of 1,636,118. The company has a fifty day simple moving average of $41.57 and a 200-day simple moving average of $38.39. Urban Outfitters, Inc. has a 12 month low of $25.69 and a 12 month high of $47.29. The firm has a market cap of $3.78 billion, a PE ratio of 13.33, a PEG ratio of 0.64 and a beta of 1.53.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, February 27th. The apparel retailer reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business earned $0.39 EPS. Urban Outfitters’s revenue was up 7.3% on a year-over-year basis. Sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.51 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Azeez Hayne sold 2,878 shares of Urban Outfitters stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the transaction, the insider now owns 2,878 shares in the company, valued at approximately $117,278.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Azeez Hayne sold 2,878 shares of Urban Outfitters stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the transaction, the insider now owns 2,878 shares in the company, valued at approximately $117,278.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Melanie Marein-Efron sold 3,345 shares of Urban Outfitters stock in a transaction on Friday, March 8th. The shares were sold at an average price of $42.23, for a total value of $141,259.35. Following the completion of the transaction, the chief financial officer now owns 6,908 shares in the company, valued at approximately $291,724.84. The disclosure for this sale can be found here. Insiders have sold a total of 18,473 shares of company stock worth $757,483 in the last 90 days. Company insiders own 31.80% of the company’s stock.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. UBS Group raised their price objective on Urban Outfitters from $41.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, March 5th. Telsey Advisory Group raised their price objective on Urban Outfitters from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets increased their target price on Urban Outfitters from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.