Horizon Investments LLC Grows Position in Urban Outfitters, Inc. $URBN

Key Points

• Horizon Investments LLC increased its stake in Urban Outfitters by 144% in Q4 to 48,738 shares (about $3.67M), and several large institutions (Jupiter, Capital World, Balyasny, American Century, UBS) also materially added positions, leaving institutional ownership at roughly 77.61%.
• Urban Outfitters beat Q4 estimates with EPS of $1.43 versus $1.24 and revenue of $1.80B (up 10.1% YoY); the stock trades near $68, has a $5.83B market cap and a P/E of 13.44, while analysts’ consensus is a "Hold" with an average price target of $86.25.
• Notable insider selling: CEO Richard Hayne sold 10,667 shares and insiders have sold 64,682 shares (about $4.63M) in the past 90 days, although insiders still own 32.10% of the company.

Horizon Investments LLC increased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 144.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,738 shares of the apparel retailer's stock after acquiring an additional 28,760 shares during the quarter. Horizon Investments LLC owned approximately 0.05% of Urban Outfitters worth $3,668,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in URBN. Jupiter Asset Management Ltd. lifted its stake in Urban Outfitters by 900.1% in the third quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer's stock worth $69,287,000 after acquiring an additional 873,008 shares during the period. Capital World Investors bought a new position in Urban Outfitters in the third quarter worth about $60,795,000. Balyasny Asset Management L.P. raised its holdings in Urban Outfitters by 5,360.2% in the third quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer's stock worth $44,155,000 after purchasing an additional 606,831 shares in the last quarter. American Century Companies Inc. raised its holdings 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 worth $205,654,000 after purchasing an additional 540,877 shares in the last quarter. Finally, UBS Group AG raised its holdings in Urban Outfitters by 339.3% in the fourth quarter. UBS Group AG now owns 641,454 shares of the apparel retailer's stock worth $48,276,000 after purchasing an additional 495,441 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Trading Down 1.2%

Shares of NASDAQ:URBN opened at $68.16 on Tuesday. Urban Outfitters, Inc. has a twelve month low of $51.12 and a twelve month high of $84.35. The company's 50 day moving average is $66.68 and its 200 day moving average is $69.76. The company has a market cap of $5.83 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.19. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. Urban Outfitters's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. Equities research analysts predict that Urban Outfitters, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on URBN shares. 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 report on Friday, January 16th. Telsey Advisory Group reiterated an "outperform" rating and issued a $98.00 target price on shares of Urban Outfitters in a report on Thursday, February 26th. JPMorgan Chase & Co. reduced their target price on shares of Urban Outfitters from $96.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, January 20th. UBS Group reiterated a "neutral" rating on shares of Urban Outfitters in a report on Tuesday, January 13th. Finally, Wells Fargo & Company reduced their target price on shares of Urban Outfitters from $80.00 to $75.00 and set an "equal weight" rating for the company in a report on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Urban Outfitters currently has an average rating of "Hold" and an average price target of $86.25.

Insider Buying and Selling

In related news, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction on Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $752,023.50. Following the sale, the chief executive officer owned 17,449,385 shares of the company's stock, valued at approximately $1,230,181,642.50. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction on Friday, February 20th. The shares were sold at an average price of $70.50, for a total transaction of $657,976.50. Following the completion of the sale, the insider directly owned 1,933,859 shares in the company, valued at $136,337,059.50. This represents a 0.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 64,682 shares of company stock worth $4,629,408 in the last ninety days. Corporate insiders own 32.10% of the company's stock.

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.

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