Fuller & Thaler Asset Management Inc. Buys 1,094,134 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Fuller & Thaler Asset Management Inc. increased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 183,272.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,094,731 shares of the apparel retailer's stock after purchasing an additional 1,094,134 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.19% of Urban Outfitters worth $60,079,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in shares of Urban Outfitters by 61.5% during the fourth 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 last quarter. GAMMA Investing LLC raised its holdings in 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 in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Urban Outfitters by 315.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock worth $82,000 after acquiring an additional 1,125 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock worth $95,000 after purchasing an additional 470 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Urban Outfitters by 10.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock valued at $146,000 after purchasing an additional 250 shares during the period. Institutional investors own 77.61% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on Urban Outfitters from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Citigroup reduced their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley upgraded shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. Finally, Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Urban Outfitters has a consensus rating of "Hold" and an average target price of $55.18.

Urban Outfitters Stock Up 1.1 %

Shares of URBN stock traded up $0.57 on Friday, reaching $51.41. The company had a trading volume of 1,410,755 shares, compared to its average volume of 1,876,437. The stock has a market capitalization of $4.76 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. The business's 50-day moving average is $51.25 and its 200 day moving average is $49.39. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $61.16.

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

Insiders Place Their Bets

In other news, CEO Tricia D. Smith sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $53.94, for a total value 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 $679,697.94. This represents a 44.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Azeez Hayne sold 11,676 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. Insiders sold a total of 29,976 shares of company stock valued at $1,663,713 in the last 90 days. Corporate insiders own 31.80% of the company's stock.

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.