Hennessy Advisors Inc. Has $12.36 Million Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Hennessy Advisors Inc. boosted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,200 shares of the apparel retailer's stock after acquiring an additional 14,400 shares during the quarter. Hennessy Advisors Inc. owned about 0.24% of Urban Outfitters worth $12,359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of URBN. Blue Trust Inc. raised its holdings in shares of Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock worth $25,000 after purchasing an additional 354 shares in the last quarter. Quarry LP grew its position in Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer's stock worth $38,000 after buying an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters in the second quarter valued at $42,000. GAMMA Investing LLC lifted its position 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 acquiring an additional 202 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Urban Outfitters during the 3rd quarter worth $47,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the sale, the director now owns 510,296 shares of the company's stock, valued at $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 31.80% of the stock is currently owned by company insiders.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN traded up $1.80 during midday trading on Friday, hitting $55.01. 2,236,234 shares of the stock were exchanged, compared to its average volume of 1,416,842. The business's fifty day simple moving average is $50.10 and its two-hundred day simple moving average is $43.07. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $59.05. The company has a market capitalization of $5.08 billion, a PE ratio of 15.76, a P/E/G ratio of 1.19 and a beta of 1.55.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company earned $0.88 EPS. The firm's revenue was up 6.3% on a year-over-year basis. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 3.89 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on URBN shares. UBS Group boosted their target price on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Citigroup raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price objective for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Barclays raised their target price on shares of Urban Outfitters from $51.00 to $63.00 and gave the stock an "overweight" rating in a report on Thursday. Robert W. Baird upped their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. Finally, StockNews.com upgraded shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $51.64.

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.