Jupiter Asset Management Ltd. Has $69.29 Million Stock Holdings in Urban Outfitters, Inc. $URBN

Jupiter Asset Management Ltd. increased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 900.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 969,999 shares of the apparel retailer’s stock after buying an additional 873,008 shares during the quarter. Jupiter Asset Management Ltd. owned about 1.08% of Urban Outfitters worth $69,287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of URBN. Asset Management One Co. Ltd. increased its stake in Urban Outfitters by 11.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock valued at $97,000 after purchasing an additional 140 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Urban Outfitters by 1.6% during the third 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 during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Urban Outfitters by 32.6% during the second quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock worth $70,000 after acquiring an additional 237 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Urban Outfitters by 3.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,208 shares of the apparel retailer’s stock worth $575,000 after acquiring an additional 240 shares during the last quarter. Finally, 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 acquiring an additional 274 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Insider Activity at Urban Outfitters

In related news, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $74.94, for a total transaction of $799,384.98. Following the sale, the chief executive officer owned 17,995,938 shares of the company’s stock, valued at approximately $1,348,615,593.72. This represents a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 598,168 shares of company stock valued at $45,325,456 in the last three months. 31.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on URBN. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Telsey Advisory Group restated an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a research note on Thursday. The Goldman Sachs Group began coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 price objective on the stock. Guggenheim started coverage on shares of Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.67.

Urban Outfitters Trading Down 1.7%

Shares of NASDAQ URBN opened at $68.97 on Friday. The stock has a fifty day simple moving average of $74.13 and a two-hundred day simple moving average of $71.97. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. The company had revenue of $1.53 billion during the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%. Analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

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.