HighTower Advisors LLC Has $3.24 Million Holdings in Urban Outfitters, Inc. $URBN

HighTower Advisors LLC lifted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 883.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,081 shares of the apparel retailer’s stock after buying an additional 38,700 shares during the quarter. HighTower Advisors LLC’s holdings in Urban Outfitters were worth $3,242,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Urban Outfitters by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock worth $262,578,000 after buying an additional 142,909 shares during the period. American Century Companies Inc. increased its position in shares of Urban Outfitters by 23.1% during the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock worth $205,654,000 after buying an additional 540,877 shares during the period. Fisher Asset Management LLC grew its holdings in Urban Outfitters by 2.8% in the third quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock worth $131,997,000 after purchasing an additional 50,837 shares during the period. Jupiter Asset Management Ltd. grew its holdings in Urban Outfitters by 900.1% in the third quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock worth $69,287,000 after purchasing an additional 873,008 shares during the period. Finally, Capital World Investors acquired a new stake in Urban Outfitters in the third quarter worth $60,795,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,036 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total value of $369,743.12. Following the transaction, the chief financial officer directly owned 17,023 shares of the company’s stock, valued at approximately $1,249,828.66. This trade represents a 22.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total transaction of $639,080.94. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

URBN has been the subject of a number of research reports. Jefferies Financial Group restated a “hold” rating and issued a $72.00 price target on shares of Urban Outfitters in a report on Thursday, May 21st. 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 reduced their price target on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, Bank of America raised their price target on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $87.18.

Urban Outfitters Trading Down 2.9%

Urban Outfitters stock opened at $72.65 on Friday. Urban Outfitters, Inc. has a 1-year low of $59.53 and a 1-year high of $84.35. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. The firm’s fifty day moving average price is $68.83 and its two-hundred day moving average price is $70.42.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the firm earned $1.16 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, research analysts forecast that Urban Outfitters, Inc. will post 5.97 EPS for the current year.

About Urban Outfitters

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.