Jupiter Asset Management Ltd. Purchases 873,008 Shares of Urban Outfitters, Inc. $URBN

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

Several other institutional investors and hedge funds also recently made changes to their positions in URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Urban Outfitters by 4.6% during the 1st 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Urban Outfitters by 10.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock valued at $7,476,000 after buying an additional 13,554 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in Urban Outfitters during the 2nd quarter valued at $308,000. CWM LLC boosted its holdings in shares of Urban Outfitters by 22.6% during the second quarter. CWM LLC now owns 5,698 shares of the apparel retailer’s stock worth $413,000 after purchasing an additional 1,052 shares during the period. Finally, Cullen Frost Bankers Inc. increased its holdings in Urban Outfitters by 180.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 301 shares during the period. Institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Guggenheim began coverage on Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. Zacks Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. JPMorgan Chase & Co. reduced their price target on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Urban Outfitters currently has an average rating of “Hold” and a consensus target price of $86.67.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $68.97 on Friday. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35. The firm’s 50-day moving average is $74.13 and its 200 day moving average is $71.97. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.97 and a beta of 1.24.

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

Insiders Place Their Bets

In other news, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $71.13, for a total value of $758,743.71. Following the completion of the sale, the chief executive officer directly owned 17,511,209 shares in the company, valued at $1,245,572,296.17. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Margaret Hayne sold 9,333 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $71.13, for a total transaction of $663,856.29. Following the transaction, the insider owned 1,987,950 shares in the company, valued at approximately $141,402,883.50. This trade represents a 0.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 598,168 shares of company stock valued at $45,325,456. Corporate insiders own 31.60% of the company’s stock.

Urban Outfitters 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.