Hussman Strategic Advisors Inc. Buys New Holdings in Urban Outfitters, Inc. $URBN

Hussman Strategic Advisors Inc. purchased a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 31,500 shares of the apparel retailer’s stock, valued at approximately $2,250,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of Urban Outfitters during the 3rd quarter worth about $25,000. Hollencrest Capital Management acquired a new position in Urban Outfitters in the second quarter worth about $26,000. Global Retirement Partners LLC lifted its stake in Urban Outfitters by 158.4% during the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 282 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in Urban Outfitters by 180.2% during the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 301 shares in the last quarter. Finally, Kilter Group LLC bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at approximately $36,000. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Up 1.5%

Shares of NASDAQ URBN opened at $69.98 on Wednesday. Urban Outfitters, Inc. has a 12-month low of $41.89 and a 12-month high of $84.35. The firm’s 50-day simple moving average is $74.94 and its 200 day simple moving average is $72.34. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The company had revenue of $1.53 billion during the quarter. On average, equities analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $74.94, for a total transaction of $799,384.98. Following the transaction, the chief executive officer owned 17,995,938 shares of the company’s stock, valued at approximately $1,348,615,593.72. This represents a 0.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 489,333 shares of company stock valued at $37,580,934. Insiders own 31.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on URBN. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Wells Fargo & Company lifted their price objective on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. Barclays upped their target price on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Telsey Advisory Group reissued an “outperform” rating and set a $98.00 price target on shares of Urban Outfitters in a report on Tuesday, January 13th. Finally, Citigroup upped their price objective on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $86.67.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.