Fisher Asset Management LLC Boosts Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Fisher Asset Management LLC lifted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 5.6% in the fourth quarter, HoldingsChannel reports. The firm owned 2,188,806 shares of the apparel retailer’s stock after purchasing an additional 115,390 shares during the quarter. Fisher Asset Management LLC’s holdings in Urban Outfitters were worth $120,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Urban Outfitters in the third quarter valued at $47,000. Quarry LP grew its holdings in shares of Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Urban Outfitters by 39.8% in the third quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock valued at $80,000 after purchasing an additional 594 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $58.19 on Friday. The stock’s 50-day simple moving average is $55.91 and its 200-day simple moving average is $45.57. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.02 and a beta of 1.54. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $60.90.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, equities analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on URBN. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price target for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. UBS Group lifted their price objective on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Wells Fargo & Company lifted their target price on Urban Outfitters from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Finally, Barclays lifted their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $56.00.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the transaction, the director now directly owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 31.80% of the stock is currently owned by corporate insiders.

Urban Outfitters Profile

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.