Fuller & Thaler Asset Management Inc. Purchases 302,444 Shares of Urban Outfitters, Inc. $URBN

Key Points

• Fuller & Thaler Asset Management Inc. increased its stock position in Urban Outfitters by 27.6%, owning 1,397,175 shares valued at approximately $73.21 million.
• Several institutional investors have recently acquired significant stakes in Urban Outfitters, leading to institutional ownership rising to 77.61%.
• Urban Outfitters reported a quarterly EPS of $1.16 that exceeded estimates, contributing to a year-over-year revenue increase of 10.7%.

Fuller & Thaler Asset Management Inc. lifted its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 27.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,397,175 shares of the apparel retailer's stock after buying an additional 302,444 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 1.51% of Urban Outfitters worth $73,212,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of URBN. Whipplewood Advisors LLC increased its holdings in Urban Outfitters by 2,893.8% during the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after acquiring an additional 463 shares during the period. Federated Hermes Inc. grew its position in shares of Urban Outfitters by 17,175.0% during the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 687 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Urban Outfitters in the first quarter worth $52,000. GAMMA Investing LLC raised its position in shares of Urban Outfitters by 34.7% in the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after buying an additional 263 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Urban Outfitters by 16.4% during the first quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock valued at $97,000 after buying an additional 262 shares during the period. Hedge funds and other institutional investors own 77.61% of the company's stock.

Urban Outfitters Trading Up 0.7%

Shares of URBN stock traded up $0.52 during trading hours on Thursday, hitting $73.89. 1,630,375 shares of the company's stock were exchanged, compared to its average volume of 1,622,148. The company has a market capitalization of $6.62 billion, a PE ratio of 15.46, a PEG ratio of 1.27 and a beta of 1.44. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $80.71. The business's 50 day simple moving average is $73.53 and its 200-day simple moving average is $62.16.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.35. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.29 billion. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The firm's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other news, insider Azeez Hayne sold 12,856 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total transaction of $938,488.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of Urban Outfitters stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $74.15, for a total value of $2,595,250.00. Following the completion of the transaction, the director owned 480,296 shares in the company, valued at approximately $35,613,948.40. This represents a 6.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 159,156 shares of company stock valued at $11,636,158. 31.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

URBN has been the topic of a number of research analyst reports. Bank of America upped their target price on Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Telsey Advisory Group restated a "market perform" rating and issued a $72.00 price objective on shares of Urban Outfitters in a research report on Wednesday, June 11th. Morgan Stanley raised their target price on shares of Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Wells Fargo & Company reiterated an "equal weight" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Urban Outfitters from $78.00 to $88.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $77.27.

Urban Outfitters Company 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.