Hussman Strategic Advisors Inc. Boosts Stock Holdings in Urban Outfitters, Inc. $URBN

Hussman Strategic Advisors Inc. grew its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 33.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,000 shares of the apparel retailer’s stock after buying an additional 10,500 shares during the period. Urban Outfitters accounts for about 0.8% of Hussman Strategic Advisors Inc.’s portfolio, making the stock its 18th largest position. Hussman Strategic Advisors Inc.’s holdings in Urban Outfitters were worth $3,161,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC boosted its holdings in shares of Urban Outfitters by 58.4% in the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 149 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Urban Outfitters by 8.0% in the 4th quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock valued at $157,000 after buying an additional 154 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Urban Outfitters by 1.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock valued at $749,000 after buying an additional 164 shares in the last quarter. Oliver Luxxe Assets LLC boosted its holdings in shares of Urban Outfitters by 0.5% in the 4th quarter. Oliver Luxxe Assets LLC now owns 33,774 shares of the apparel retailer’s stock valued at $2,542,000 after buying an additional 181 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of Urban Outfitters by 83.3% in the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $752,023.50. Following the completion of the sale, the chief executive officer directly owned 17,449,385 shares in the company, valued at $1,230,181,642.50. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $657,976.50. Following the completion of the sale, the insider owned 1,933,859 shares of the company’s stock, valued at $136,337,059.50. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 84,682 shares of company stock valued at $6,056,608 over the last quarter. 32.10% of the stock is owned by company insiders.

Urban Outfitters Stock Down 1.9%

URBN stock opened at $69.01 on Friday. The firm has a 50 day moving average of $66.68 and a 200 day moving average of $69.75. The stock has a market capitalization of $5.91 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23. Urban Outfitters, Inc. has a 52 week low of $51.12 and a 52 week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.19. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. Urban Outfitters’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the business earned $1.04 EPS. On average, equities research analysts expect that Urban Outfitters, Inc. will post 5.84 earnings per share for the current year.

Analyst Ratings Changes

URBN has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. JPMorgan Chase & Co. lowered their price target on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Telsey Advisory Group restated an “outperform” rating and issued a $98.00 price target on shares of Urban Outfitters in a report on Thursday, February 26th. Barclays raised their price target on shares of Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Finally, Wells Fargo & Company lowered their price target on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. 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 stock presently has an average rating of “Hold” and a consensus price target of $86.25.

Urban Outfitters Company 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.