Fox Run Management L.L.C. Takes $781,000 Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Fox Run Management L.L.C. purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,230 shares of the apparel retailer's stock, valued at approximately $781,000.

A number of other hedge funds have also modified their holdings of URBN. Jones Financial Companies Lllp raised its holdings in Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after buying an additional 200 shares during the period. GAMMA Investing LLC raised its stake in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after acquiring an additional 202 shares during the period. Quarry LP lifted its holdings in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock worth $47,000 after acquiring an additional 298 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after purchasing an additional 1,125 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in Urban Outfitters by 38.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock valued at $95,000 after purchasing an additional 470 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Urban Outfitters news, insider Azeez Hayne sold 11,676 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tricia D. Smith sold 10,000 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now owns 12,601 shares of the company's stock, valued at approximately $679,697.94. The trade was a 44.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,976 shares of company stock worth $5,573,263 over the last 90 days. 31.80% of the stock is owned by insiders.

Urban Outfitters Price Performance

Shares of URBN traded down $1.04 during midday trading on Wednesday, reaching $52.13. The stock had a trading volume of 698,763 shares, compared to its average volume of 1,753,357. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.02 and a beta of 1.56. The company's fifty day simple moving average is $54.73 and its two-hundred day simple moving average is $47.37. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16.

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

Analysts Set New Price Targets

A number of research analysts have commented on URBN shares. Robert W. Baird upped their price target on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on Urban Outfitters from $46.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, January 8th. Citigroup raised Urban Outfitters from a "neutral" rating to a "buy" rating and lifted their target price for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. UBS Group increased their price target on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Finally, Telsey Advisory Group lifted their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $56.00.

About Urban Outfitters

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.