Fisher Asset Management LLC Sells 19,107 Shares of Urban Outfitters, Inc. $URBN

Fisher Asset Management LLC cut its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 1.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,828,815 shares of the apparel retailer’s stock after selling 19,107 shares during the period. Fisher Asset Management LLC’s holdings in Urban Outfitters were worth $137,637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Clearstead Advisors LLC increased its holdings in shares of Urban Outfitters by 75.5% during the fourth quarter. Clearstead Advisors LLC now owns 772 shares of the apparel retailer’s stock valued at $58,000 after acquiring an additional 332 shares in the last quarter. New Age Alpha Advisors LLC boosted its position in shares of Urban Outfitters by 105.6% during the fourth quarter. New Age Alpha Advisors LLC now owns 2,449 shares of the apparel retailer’s stock valued at $184,000 after buying an additional 1,258 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of Urban Outfitters during the fourth quarter valued at $1,923,000. Legato Capital Management LLC purchased a new stake in shares of Urban Outfitters during the fourth quarter valued at $1,059,000. Finally, Global Retirement Partners LLC boosted its position in shares of Urban Outfitters by 452.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,540 shares of the apparel retailer’s stock valued at $191,000 after buying an additional 2,080 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on URBN. JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Bank of America increased their price objective on Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company dropped their price objective on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Barclays dropped their price objective on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a research report on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.18.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN opened at $73.01 on Tuesday. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.40 and a beta of 1.23. The stock’s 50-day simple moving average is $68.01 and its two-hundred day simple moving average is $70.16. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, May 20th. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.18. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. As a group, equities analysts forecast that Urban Outfitters, Inc. will post 5.97 earnings per share for the current fiscal 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.