Boothbay Fund Management LLC Purchases 28,020 Shares of Urban Outfitters, Inc. $URBN

Boothbay Fund Management LLC raised its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 26.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,224 shares of the apparel retailer’s stock after purchasing an additional 28,020 shares during the period. Boothbay Fund Management LLC owned approximately 0.15% of Urban Outfitters worth $9,445,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in URBN. Dimensional Fund Advisors LP increased its position in shares of Urban Outfitters by 4.0% during 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 purchasing an additional 142,909 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Urban Outfitters by 23.1% during the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after buying an additional 540,877 shares in the last quarter. Fisher Asset Management LLC lifted its position in Urban Outfitters by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock worth $131,997,000 after buying an additional 50,837 shares during the last quarter. Geode Capital Management LLC boosted its stake in Urban Outfitters by 0.9% in the second quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock worth $110,646,000 after buying an additional 12,965 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Urban Outfitters by 59.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock worth $93,366,000 after buying an additional 477,909 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. The Goldman Sachs Group started coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Finally, Citigroup boosted their price target on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $86.25.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $63.41 on Friday. The company has a market capitalization of $5.69 billion, a P/E ratio of 12.51, a PEG ratio of 1.22 and a beta of 1.22. Urban Outfitters, Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $84.35. The stock has a 50 day moving average price of $69.95 and a two-hundred day moving average price of $70.66.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.19. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the business earned $1.04 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $752,023.50. Following the sale, the chief executive officer owned 17,449,385 shares of the company’s stock, valued at $1,230,181,642.50. This trade represents a 0.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Margaret Hayne sold 9,333 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $70.50, for a total transaction of $657,976.50. Following the completion of the transaction, the insider owned 1,933,859 shares in the company, valued at $136,337,059.50. The trade was a 0.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 473,517 shares of company stock valued at $35,562,730 in the last three months. 31.60% of the stock is currently owned by corporate insiders.

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.