Urban Outfitters, Inc. $URBN Stake Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,847,922 shares of the apparel retailer’s stock after purchasing an additional 50,837 shares during the quarter. Fisher Asset Management LLC owned about 2.06% of Urban Outfitters worth $131,997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in URBN. Root Financial Partners LLC bought a new stake in Urban Outfitters in the third quarter valued at $25,000. Hollencrest Capital Management acquired a new stake in shares of Urban Outfitters in the 2nd quarter worth about $26,000. Global Retirement Partners LLC lifted its position in Urban Outfitters by 158.4% in 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 last quarter. EverSource Wealth Advisors LLC lifted its position in Urban Outfitters by 125.1% in 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 last quarter. Finally, Kilter Group LLC acquired a new position in Urban Outfitters during the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Trading Down 0.8%

Shares of URBN opened at $65.69 on Tuesday. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35. The business’s 50-day moving average price is $72.02 and its 200 day moving average price is $71.31. The stock has a market capitalization of $5.89 billion, a P/E ratio of 12.96, a P/E/G ratio of 1.28 and a beta of 1.24.

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

Analyst Ratings Changes

URBN has been the topic of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. Barclays upped their target price on 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 Urban Outfitters in a research report on Wednesday, December 17th. JPMorgan Chase & Co. dropped their price objective on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, Morgan Stanley lifted their target price on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Urban Outfitters has an average rating of “Hold” and a consensus target price of $86.25.

Insiders Place Their Bets

In related news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $76.03, for a total value of $811,012.01. Following the completion of the sale, the chief executive officer directly owned 17,921,269 shares of the company’s stock, valued at approximately $1,362,554,082.07. This represents a 0.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 562,850 shares of company stock worth $42,579,064 over the last quarter. 31.60% of the stock is currently owned by insiders.

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.