Urban Outfitters, Inc. $URBN Shares Newly Purchased by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management opened a new Urban Outfitters position in the third quarter, purchasing 39,620 shares valued at about $3.0 million. Institutional investors collectively own 77.61% of the company.
• Urban Outfitters reported quarterly revenue of $1.66 billion, up 10.4% year over year, and earnings of $1.72 per share, matching analyst estimates.
• Analysts give the stock a consensus “Moderate Buy” rating with a $90.54 average price target; company insiders sold 19,200 shares worth approximately $1.62 million over the last quarter.

Fulcrum Asset Management LLP bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 39,620 shares of the apparel retailer's stock, valued at approximately $2,997,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allworth Financial LP acquired a new stake in shares of Urban Outfitters in the 2nd quarter valued at approximately $31,000. Kilter Group LLC acquired a new position in Urban Outfitters during the second quarter valued at approximately $35,000. NewEdge Advisors LLC increased its stake in Urban Outfitters by 87.0% in the second quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer's stock valued at $38,000 after purchasing an additional 247 shares in the last quarter. Root Financial Partners LLC bought a new stake in Urban Outfitters in the third quarter valued at approximately $38,000. Finally, Farther Finance Advisors LLC increased its stake in Urban Outfitters by 39.6% in the third quarter. Farther Finance Advisors LLC now owns 1,167 shares of the apparel retailer's stock valued at $89,000 after purchasing an additional 331 shares in the last quarter. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $88.27 on Tuesday. The business has a 50 day simple moving average of $82.04 and a 200 day simple moving average of $73.63. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $93.64. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.43 and a beta of 1.22.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, hitting the consensus estimate of $1.72. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the company posted $1.58 EPS. The business's quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts predict that Urban Outfitters, Inc. will post 6.20 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on URBN shares. Jefferies Financial Group lifted their price target on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a "hold" rating in a research report on Wednesday, August 12th. Weiss Ratings raised shares of Urban Outfitters from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday, October 20th. Needham & Company LLC started coverage on shares of Urban Outfitters in a research report on Friday, October 16th. They issued a "buy" rating and a $100.00 price objective for the company. BMO Capital Markets began coverage on Urban Outfitters in a research note on Tuesday, September 8th. They set a "market perform" rating and a $80.00 price objective on the stock. Finally, The Goldman Sachs Group raised Urban Outfitters from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $93.00 in a research note on Monday, July 20th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Urban Outfitters currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.54.

Insider Transactions at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 5,700 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the sale, the chief financial officer owned 11,323 shares of the company's stock, valued at $914,332.25. This represents a 33.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tricia Smith sold 3,500 shares of the firm's stock in a transaction on Friday, September 18th. The stock was sold at an average price of $75.95, for a total transaction of $265,825.00. Following the sale, the chief executive officer owned 30,112 shares in the company, valued at approximately $2,287,006.40. The trade was a 10.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 19,200 shares of company stock valued at $1,622,000 over the last quarter. Corporate insiders own 32.10% of the company's stock.

Urban Outfitters Profile

Urban Outfitters, Inc is a lifestyle retailer that sells apparel, accessories, home furnishings, beauty products and other lifestyle merchandise. Its retail brands include Urban Outfitters, Anthropologie, Free People and FP Movement, and it operates Nuuly, a subscription clothing rental service.

The company also designs and wholesales apparel and related products, particularly through its Free People and Anthropologie businesses. Its brands serve customers through stores and online channels in the United States and internationally, including in Canada and Europe.

Founded in Philadelphia in 1970 by Richard Hayne and Scott Belair, the company began as a single store and later adopted the Urban Outfitters name.

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