31,500 Shares in Urban Outfitters, Inc. $URBN Bought by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. acquired a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,500 shares of the apparel retailer’s stock, valued at approximately $2,250,000.

Several other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in shares of Urban Outfitters in the 3rd quarter valued at approximately $25,000. Hollencrest Capital Management acquired a new stake in Urban Outfitters in the second quarter valued at approximately $26,000. Global Retirement Partners LLC grew its position in Urban Outfitters by 158.4% in the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 282 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Urban Outfitters by 180.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 301 shares during the last quarter. Finally, Kilter Group LLC bought a new position in shares of Urban Outfitters during the 2nd quarter valued at $36,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on URBN. Barclays upped their price objective on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Morgan Stanley upped their price target on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $98.00 price target on shares of Urban Outfitters in a report on Tuesday, January 13th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $86.67.

Urban Outfitters Stock Up 1.5%

Shares of NASDAQ:URBN opened at $69.98 on Wednesday. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.04 and a beta of 1.23. The business has a 50 day moving average price of $74.94 and a 200 day moving average price of $72.34. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. The company had revenue of $1.53 billion during the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%. Analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insiders Place Their Bets

In related news, insider Margaret Hayne sold 9,333 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $71.17, for a total value of $664,229.61. Following the completion of the sale, the insider owned 2,076,068 shares in the company, valued at approximately $147,753,759.56. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $71.17, for a total value of $759,170.39. Following the sale, the chief executive officer directly owned 17,611,926 shares in the company, valued at approximately $1,253,440,773.42. This trade represents a 0.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 489,333 shares of company stock valued at $37,580,934. Insiders own 31.80% 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.