Hennessy Advisors Inc. Boosts Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Hennessy Advisors Inc. lifted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,200 shares of the apparel retailer’s stock after purchasing an additional 14,400 shares during the period. Hennessy Advisors Inc.’s holdings in Urban Outfitters were worth $12,359,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Friedenthal Financial acquired a new stake in Urban Outfitters in the fourth quarter valued at approximately $765,000. Harbor Capital Advisors Inc. lifted its position in shares of Urban Outfitters by 17,631.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer’s stock valued at $1,966,000 after buying an additional 35,615 shares in the last quarter. Diversified Trust Co grew its stake in Urban Outfitters by 10.6% in the 4th quarter. Diversified Trust Co now owns 18,765 shares of the apparel retailer’s stock valued at $1,030,000 after acquiring an additional 1,801 shares during the period. GAMMA Investing LLC increased 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 worth $42,000 after acquiring an additional 202 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Urban Outfitters by 7.6% during the third quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock worth $1,315,000 after acquiring an additional 2,527 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on URBN shares. Barclays lifted their target price on shares of Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday. Morgan Stanley lifted their price objective on Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Wells Fargo & Company increased their target price on Urban Outfitters from $48.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Telsey Advisory Group increased their price objective on Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, Bank of America upped their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Hold” and an average price target of $51.64.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $53.21 on Friday. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $59.05. The company has a market capitalization of $4.91 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.19 and a beta of 1.55. The company has a 50 day simple moving average of $49.76 and a 200-day simple moving average of $42.98.

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

Insiders Place Their Bets

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the transaction, the director now directly owns 510,296 shares in the company, valued at approximately $29,245,063.76. This represents a 9.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 31.80% of the stock is currently owned by insiders.

Urban Outfitters Company 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.