LMR Partners LLP purchased a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,289 shares of the apparel retailer’s stock, valued at approximately $308,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in URBN. Russell Investments Group Ltd. grew its position in shares of Urban Outfitters by 51.0% in the third quarter. Russell Investments Group Ltd. now owns 184,126 shares of the apparel retailer’s stock valued at $7,571,000 after purchasing an additional 62,165 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Urban Outfitters by 18,269.2% in the third quarter. Acadian Asset Management LLC now owns 19,104 shares of the apparel retailer’s stock valued at $781,000 after purchasing an additional 19,000 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Urban Outfitters in the third quarter valued at approximately $2,401,000. American Century Companies Inc. acquired a new position in shares of Urban Outfitters in the third quarter valued at approximately $1,039,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Urban Outfitters in the third quarter valued at approximately $213,000. 75.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of URBN stock opened at $28.61 on Friday. The company has a market capitalization of $3.08 billion, a P/E ratio of 10.40, a P/E/G ratio of 1.02 and a beta of 0.54. Urban Outfitters, Inc. has a 1 year low of $28.51 and a 1 year high of $52.50.
In other Urban Outfitters news, CFO Frank Conforti sold 22,937 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $29.30, for a total transaction of $672,054.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Calvin Hollinger sold 23,813 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $29.13, for a total value of $693,672.69. The disclosure for this sale can be found here. Insiders own 25.90% of the company’s stock.
Several equities analysts have recently commented on the company. Jefferies Financial Group set a $58.00 target price on Urban Outfitters and gave the company a “buy” rating in a research report on Tuesday, November 20th. Zacks Investment Research downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 target price on shares of Urban Outfitters in a research report on Tuesday, November 20th. Royal Bank of Canada decreased their target price on Urban Outfitters to $46.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 20th. Finally, Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and set a $32.74 target price on the stock in a research report on Wednesday, January 9th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $40.29.
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Urban Outfitters Profile
Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.
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