Cinctive Capital Management LP Makes New $4.10 Million Investment in Urban Outfitters, Inc. $URBN

Cinctive Capital Management LP bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 57,456 shares of the apparel retailer’s stock, valued at approximately $4,104,000. Cinctive Capital Management LP owned 0.06% of Urban Outfitters at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of URBN. Jupiter Asset Management Ltd. lifted its stake in Urban Outfitters by 900.1% during the third quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock valued at $69,287,000 after purchasing an additional 873,008 shares during the last quarter. Capital World Investors acquired a new stake in Urban Outfitters during the 3rd quarter worth about $60,795,000. Norges Bank acquired a new stake in shares of Urban Outfitters during the second quarter worth approximately $55,429,000. Balyasny Asset Management L.P. grew its holdings in shares of Urban Outfitters by 5,360.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after acquiring an additional 606,831 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Urban Outfitters by 23.1% in the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after purchasing an additional 540,877 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $80.38, for a total transaction of $857,413.46. Following the completion of the transaction, the chief executive officer owned 17,814,599 shares of the company’s stock, valued at $1,431,937,467.62. The trade was a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 453,517 shares of company stock valued at $33,899,130. Company insiders own 31.80% of the company’s stock.

Urban Outfitters Stock Down 0.5%

Shares of URBN stock opened at $63.41 on Monday. Urban Outfitters, Inc. has a 12 month low of $41.89 and a 12 month high of $84.35. The company has a market cap of $5.69 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.22 and a beta of 1.23. The business’s 50 day moving average is $69.95 and its two-hundred day moving average is $70.60.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on URBN. JPMorgan Chase & Co. dropped their price objective on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Barclays boosted their target price on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Telsey Advisory Group restated an “outperform” rating and set a $98.00 price target on shares of Urban Outfitters in a research note on Thursday, February 26th. UBS Group reaffirmed a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group started coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.25.

About Urban Outfitters

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.