BI Asset Management Fondsmaeglerselskab A S Buys 41,559 Shares of Urban Outfitters, Inc. $URBN

BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 17.4% in the third quarter, HoldingsChannel.com reports. The firm owned 279,763 shares of the apparel retailer’s stock after purchasing an additional 41,559 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Urban Outfitters were worth $19,983,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of Urban Outfitters during the third quarter worth $25,000. Hollencrest Capital Management bought a new stake in Urban Outfitters during the second quarter valued at $26,000. Global Retirement Partners LLC boosted its position in Urban Outfitters by 158.4% during the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 282 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in 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 acquiring an additional 301 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 274 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Insider Transactions at Urban Outfitters

In other news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $74.94, for a total transaction of $799,384.98. Following the completion of the sale, the chief executive officer directly owned 17,995,938 shares of the company’s stock, valued at $1,348,615,593.72. This trade represents a 0.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 558,168 shares of company stock valued at $42,434,256. 31.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on URBN. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Robert W. Baird set a $93.00 price target on Urban Outfitters in a report on Wednesday, December 17th. UBS Group reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Morgan Stanley lifted their price target on shares of Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, The Goldman Sachs Group initiated coverage on shares of Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.67.

Urban Outfitters Price Performance

URBN opened at $71.16 on Friday. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 1.02 and a beta of 1.24. The firm’s fifty day moving average price is $75.54 and its two-hundred day moving average price is $72.35. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (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%. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Urban Outfitters Company 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.