Urban Outfitters, Inc. $URBN Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. boosted its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 33.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,297,452 shares of the apparel retailer’s stock after buying an additional 327,453 shares during the quarter. Urban Outfitters makes up approximately 0.8% of Jupiter Asset Management Ltd.’s holdings, making the stock its 28th largest holding. Jupiter Asset Management Ltd.’s holdings in Urban Outfitters were worth $97,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in URBN. Dimensional Fund Advisors LP increased its position in shares of Urban Outfitters by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock valued at $262,578,000 after acquiring an additional 142,909 shares during the period. American Century Companies Inc. increased its holdings in shares of Urban Outfitters by 23.1% in the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after purchasing an additional 540,877 shares during the period. Fisher Asset Management LLC raised its stake in shares of 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 last quarter. Geode Capital Management LLC lifted its holdings in shares of Urban Outfitters by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,507,027 shares of the apparel retailer’s stock worth $113,434,000 after purchasing an additional 35,244 shares during the period. Finally, Capital World Investors purchased a new stake in Urban Outfitters in the third quarter valued at approximately $60,795,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $74.85 on Friday. The company has a market capitalization of $6.41 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The company’s fifty day moving average price is $68.65 and its 200 day moving average price is $70.41. Urban Outfitters, Inc. has a 1 year low of $59.53 and a 1 year high of $84.35.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company posted $1.16 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities analysts expect that Urban Outfitters, Inc. will post 5.97 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on URBN shares. 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, February 26th. Wells Fargo & Company reduced their target price on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Bank of America increased their price target on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Barclays reduced their price objective on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $87.18.

Insider Buying and Selling

In other news, insider Azeez Hayne sold 8,733 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Melanie Marein-Efron sold 5,036 shares of Urban Outfitters stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total transaction of $369,743.12. Following the completion of the sale, the chief financial officer directly owned 17,023 shares in the company, valued at $1,249,828.66. This represents a 22.83% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 32.10% of the company’s stock.

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.