Fulcrum Asset Management LLP Buys New Shares in Urban Outfitters, Inc. $URBN

Fulcrum Asset Management LLP purchased a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the third quarter, HoldingsChannel reports. The fund purchased 39,620 shares of the apparel retailer’s stock, valued at approximately $2,997,000.

Other hedge funds also recently made changes to their positions in the company. Vise Technologies Inc. raised its holdings in shares of Urban Outfitters by 4.0% in the third quarter. Vise Technologies Inc. now owns 3,050 shares of the apparel retailer’s stock valued at $233,000 after purchasing an additional 118 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in Urban Outfitters by 2.1% during the third quarter. Ashton Thomas Private Wealth LLC now owns 7,127 shares of the apparel retailer’s stock worth $544,000 after purchasing an additional 145 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Urban Outfitters by 10.1% during the second quarter. GAMMA Investing LLC now owns 2,049 shares of the apparel retailer’s stock worth $145,000 after purchasing an additional 188 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Urban Outfitters by 87.0% during the second quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 247 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in Urban Outfitters by 2.8% in the second quarter. Concurrent Investment Advisors LLC now owns 9,584 shares of the apparel retailer’s stock valued at $679,000 after purchasing an additional 263 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Melanie Marein-Efron sold 5,700 shares of Urban Outfitters stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $80.75, for a total value of $460,275.00. Following the completion of the transaction, the chief financial officer owned 11,323 shares of the company’s stock, valued at $914,332.25. This trade represents a 33.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tricia D. Smith sold 3,500 shares of Urban Outfitters stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $75.95, for a total transaction of $265,825.00. Following the completion of the transaction, the chief executive officer directly owned 30,112 shares of the company’s stock, valued at approximately $2,287,006.40. This trade represents a 10.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 19,200 shares of company stock valued at $1,622,000. 32.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

URBN has been the topic of several recent research reports. Zacks Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. UBS Group increased their price objective on shares of Urban Outfitters from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. BMO Capital Markets started coverage on Urban Outfitters in a report on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 price objective for the company. Morgan Stanley restated an “overweight” rating and issued a $90.00 price objective on shares of Urban Outfitters in a report on Thursday, August 27th. Finally, The Goldman Sachs Group raised Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their target price for the company from $76.00 to $93.00 in a research report on Monday, July 20th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.54.

Urban Outfitters Stock Up 4.2%

Shares of Urban Outfitters stock opened at $88.27 on Tuesday. The stock has a market cap of $7.56 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.43 and a beta of 1.22. Urban Outfitters, Inc. has a 12-month low of $59.53 and a 12-month high of $93.64. The business’s 50 day moving average is $82.04 and its 200-day moving average is $73.63.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, meeting the consensus estimate of $1.72. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $1.58 earnings per share. On average, sell-side analysts expect that Urban Outfitters, Inc. will post 6.20 EPS for the current year.

Urban Outfitters Profile

Urban Outfitters, Inc is a lifestyle retailer that sells apparel, accessories, home furnishings, beauty products and other lifestyle merchandise. Its retail brands include Urban Outfitters, Anthropologie, Free People and FP Movement, and it operates Nuuly, a subscription clothing rental service.

The company also designs and wholesales apparel and related products, particularly through its Free People and Anthropologie businesses. Its brands serve customers through stores and online channels in the United States and internationally, including in Canada and Europe.

Founded in Philadelphia in 1970 by Richard Hayne and Scott Belair, the company began as a single store and later adopted the Urban Outfitters name.