Fisher Asset Management LLC Has $65.02 Million Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Fisher Asset Management LLC lessened its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 7.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,821,657 shares of the apparel retailer’s stock after selling 137,229 shares during the period. Fisher Asset Management LLC owned approximately 1.96% of Urban Outfitters worth $65,015,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 417 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Urban Outfitters by 3,700.0% in the fourth quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 1,110 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Urban Outfitters in the third quarter valued at approximately $81,000. DekaBank Deutsche Girozentrale bought a new position in shares of Urban Outfitters in the third quarter valued at approximately $112,000. Finally, Headlands Technologies LLC bought a new position in shares of Urban Outfitters in the fourth quarter valued at approximately $150,000. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $42.85 on Monday. The stock has a market cap of $4.00 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49. Urban Outfitters, Inc. has a fifty-two week low of $30.05 and a fifty-two week high of $47.29. The stock has a fifty day moving average of $40.51 and a 200-day moving average of $40.14.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.49 by $0.20. Urban Outfitters had a return on equity of 15.36% and a net margin of 5.66%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts predict that Urban Outfitters, Inc. will post 3.57 EPS for the current year.

Insider Buying and Selling

In related news, insider Azeez Hayne sold 13,967 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $41.78, for a total transaction of $583,541.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

URBN has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Urban Outfitters from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. Jefferies Financial Group boosted their target price on Urban Outfitters from $32.00 to $35.00 and gave the company an “underperform” rating in a research note on Wednesday, May 22nd. Morgan Stanley boosted their target price on Urban Outfitters from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, May 23rd. Barclays boosted their target price on Urban Outfitters from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Finally, Robert W. Baird boosted their target price on Urban Outfitters from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.00.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.