Tabor Asset Management LP Raises Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Tabor Asset Management LP boosted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 32.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,154 shares of the apparel retailer's stock after purchasing an additional 40,576 shares during the quarter. Urban Outfitters makes up approximately 4.4% of Tabor Asset Management LP's holdings, making the stock its 4th biggest position. Tabor Asset Management LP owned 0.18% of Urban Outfitters worth $9,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Urban Outfitters by 10.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock worth $146,000 after acquiring an additional 250 shares during the last quarter. Natixis Advisors LLC increased its stake in Urban Outfitters by 1.7% in the 4th quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer's stock worth $847,000 after acquiring an additional 252 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Urban Outfitters by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock worth $364,000 after acquiring an additional 351 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Urban Outfitters by 2.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,060 shares of the apparel retailer's stock valued at $1,046,000 after acquiring an additional 365 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on URBN shares. Robert W. Baird boosted their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Barclays reduced their target price on shares of Urban Outfitters from $68.00 to $59.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. UBS Group increased their price target on shares of Urban Outfitters from $45.00 to $54.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Morgan Stanley reduced their price objective on Urban Outfitters from $63.00 to $62.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $59.00 price objective on shares of Urban Outfitters in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.82.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $62.81 on Monday. The firm has a market capitalization of $5.82 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. The business has a 50 day simple moving average of $51.27 and a two-hundred day simple moving average of $51.45. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $63.21.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.15. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.63 billion. Equities research analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Activity

In other Urban Outfitters news, CEO Tricia D. Smith sold 10,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the transaction, the chief executive officer now directly owns 12,601 shares in the company, valued at $679,697.94. This trade represents a 44.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the sale, the director now owns 15,450 shares of the company's stock, valued at $902,898. This represents a 34.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,976 shares of company stock valued at $1,663,713. 31.60% of the stock is currently owned by company insiders.

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.

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