Blueshift Asset Management LLC Raises Holdings in Urban Outfitters, Inc. $URBN

Blueshift Asset Management LLC increased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 182.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,708 shares of the apparel retailer’s stock after acquiring an additional 19,200 shares during the quarter. Urban Outfitters makes up about 0.7% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 16th largest position. Blueshift Asset Management LLC’s holdings in Urban Outfitters were worth $2,155,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. American Century Companies Inc. boosted its stake in shares of Urban Outfitters by 0.7% during the second quarter. American Century Companies Inc. now owns 2,338,215 shares of the apparel retailer’s stock valued at $169,614,000 after purchasing an additional 15,689 shares in the last quarter. Junto Capital Management LP boosted its position in Urban Outfitters by 16.5% during the 1st quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock valued at $90,571,000 after acquiring an additional 244,801 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Urban Outfitters by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock valued at $110,646,000 after acquiring an additional 12,965 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Urban Outfitters by 27.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer’s stock worth $73,212,000 after acquiring an additional 302,444 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Urban Outfitters during the 1st quarter worth $43,769,000. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Up 5.7%

Shares of NASDAQ URBN opened at $78.31 on Tuesday. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $80.71. The business’s 50 day moving average price is $67.68 and its 200 day moving average price is $70.56. The firm has a market cap of $7.02 billion, a P/E ratio of 15.29, a P/E/G ratio of 1.04 and a beta of 1.28.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 25th. The apparel retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. As a group, research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Mary Egan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total value of $70,120.00. Following the sale, the director owned 14,250 shares in the company, valued at $999,210. This represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $74.94, for a total value of $699,415.02. Following the sale, the insider directly owned 2,412,056 shares in the company, valued at approximately $180,759,476.64. This trade represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 84,400 shares of company stock valued at $6,123,938 in the last three months. Company insiders own 31.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on URBN shares. Morgan Stanley boosted their target price on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Barclays boosted their price objective on shares of Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Wall Street Zen downgraded Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 27th. Finally, JPMorgan Chase & Co. raised their price objective on Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.36.

Urban Outfitters Profile

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.