Urban Outfitters, Inc. (NASDAQ:URBN) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 5.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,188,806 shares of the apparel retailer's stock after buying an additional 115,390 shares during the period. Fisher Asset Management LLC owned 2.37% of Urban Outfitters worth $120,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock worth $25,000 after acquiring an additional 354 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after buying an additional 202 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in Urban Outfitters in the third quarter valued at approximately $47,000. Quarry LP lifted its stake 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 valued at $47,000 after purchasing an additional 298 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Urban Outfitters by 39.8% in the 3rd quarter. KBC Group NV now owns 2,087 shares of the apparel retailer's stock worth $80,000 after purchasing an additional 594 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

URBN has been the subject of a number of research reports. Telsey Advisory Group increased their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a report on Thursday. Wells Fargo & Company lifted their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday. Citigroup raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. StockNews.com raised Urban Outfitters from a "hold" rating to a "buy" rating in a report on Saturday. Finally, UBS Group upped their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $56.00.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the transaction, the director now directly owns 495,296 shares of the company's stock, valued at $25,012,448. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 31.80% of the company's stock.

Urban Outfitters Trading Up 1.6 %

Shares of URBN stock traded up $0.94 during trading on Friday, reaching $58.19. 3,008,294 shares of the company's stock traded hands, compared to its average volume of 1,923,395. The firm's 50-day moving average is $55.91 and its 200 day moving average is $45.62. The company has a market capitalization of $5.37 billion, a P/E ratio of 16.67, a PEG ratio of 1.02 and a beta of 1.54. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $60.90.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Urban Outfitters 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.