Boothbay Fund Management LLC Acquires 28,020 Shares of Urban Outfitters, Inc. $URBN

Boothbay Fund Management LLC grew its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 26.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 132,224 shares of the apparel retailer’s stock after acquiring an additional 28,020 shares during the quarter. Boothbay Fund Management LLC’s holdings in Urban Outfitters were worth $9,445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URBN. Root Financial Partners LLC purchased a new stake in Urban Outfitters in the third quarter worth $25,000. Hollencrest Capital Management bought a new stake in Urban Outfitters in the second quarter valued at $26,000. Global Retirement Partners LLC increased its position in Urban Outfitters by 158.4% during the 3rd quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 282 shares during the period. EverSource Wealth Advisors LLC increased its position in Urban Outfitters by 125.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 274 shares during the period. Finally, Kilter Group LLC bought a new position in Urban Outfitters in the 2nd quarter worth $36,000. Institutional investors own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on URBN. Barclays raised their target price on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a research note on Wednesday, December 17th. Citigroup raised their price objective on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Finally, The Goldman Sachs Group initiated coverage on Urban Outfitters in a research report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $86.25.

Insider Activity

In other news, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $83.18, for a total value of $887,281.06. Following the sale, the chief executive officer directly owned 17,878,601 shares of the company’s stock, valued at $1,487,142,031.18. The trade was a 0.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 473,517 shares of company stock worth $35,562,730 in the last ninety days. 31.60% of the stock is currently owned by company insiders.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $63.41 on Friday. The company has a 50-day moving average of $69.95 and a 200 day moving average of $70.66. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.22 and a beta of 1.22. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.24 by $0.19. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.79 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. Urban Outfitters’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Urban Outfitters Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.