Fisher Asset Management LLC Sells 19,107 Shares of Urban Outfitters, Inc. $URBN

Fisher Asset Management LLC lessened its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,828,815 shares of the apparel retailer’s stock after selling 19,107 shares during the quarter. Fisher Asset Management LLC owned approximately 2.04% of Urban Outfitters worth $137,637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Urban Outfitters by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after acquiring an additional 1,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Urban Outfitters by 10.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after purchasing an additional 13,554 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Urban Outfitters by 343.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,435 shares of the apparel retailer’s stock worth $177,000 after purchasing an additional 1,886 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Urban Outfitters by 125.1% in the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 274 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Urban Outfitters by 14.0% in the second quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer’s stock worth $13,242,000 after purchasing an additional 22,393 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $73.01 on Tuesday. Urban Outfitters, Inc. has a 1-year low of $59.53 and a 1-year high of $84.35. The business has a fifty day moving average price of $68.01 and a 200-day moving average price of $70.16. The company has a market capitalization of $6.25 billion, a PE ratio of 14.01, a PEG ratio of 1.40 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, May 20th. The apparel retailer reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $1.16 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. On average, sell-side analysts anticipate that Urban Outfitters, Inc. will post 5.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on URBN. Telsey Advisory Group reiterated an “outperform” rating and issued a $98.00 price objective on shares of Urban Outfitters in a report on Thursday, February 26th. Bank of America increased their price objective on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday. Barclays decreased their price objective on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Friday. Wall Street Zen downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.18.

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.