Is Urban Outfitters, Inc. (NASDAQ:URBN) a buy?
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Thus, we’re going to analyze the newest info about Urban Outfitters, Inc. (NASDAQ:URBN).
How have hedgies been trading Urban Outfitters, Inc. (NASDAQ:URBN)?
In preparation for the third quarter, a total of 34 of the hedge funds we track were long in this stock, a change of 31% from the first quarter. With hedge funds’ sentiment swirling, there exists a select group of key hedge fund managers who were boosting their holdings significantly.
Out of the hedge funds we follow, Phill Gross and Robert Atchinson’s Adage Capital Management had the most valuable position in Urban Outfitters, Inc. (NASDAQ:URBN), worth close to $96.6 million, accounting for 0.3% of its total 13F portfolio. On Adage Capital Management’s heels is Tiger Consumer Management, managed by Patrick McCormack, which held a $94.3 million position; the fund has 3.3% of its 13F portfolio invested in the stock. Other hedge funds that hold long positions include Donald Chiboucis’s Columbus Circle Investors, Jim Simons’s Renaissance Technologies and Steven Cohen’s SAC Capital Advisors.
With a general bullishness amongst the titans, certain money managers have been driving this bullishness. Adage Capital Management, managed by Phill Gross and Robert Atchinson, established the biggest position in Urban Outfitters, Inc. (NASDAQ:URBN). Adage Capital Management had 96.6 million invested in the company at the end of the quarter. Patrick McCormack’s Tiger Consumer Management also initiated a $94.3 million position during the quarter. The other funds with new positions in the stock are Donald Chiboucis’s Columbus Circle Investors, Jim Simons’s Renaissance Technologies, and Steven Cohen’s SAC Capital Advisors.
How have insiders been trading Urban Outfitters, Inc. (NASDAQ:URBN)?
Insider buying made by high-level executives is particularly usable when the company in focus has seen transactions within the past 180 days. Over the latest half-year time frame, Urban Outfitters, Inc. (NASDAQ:URBN) has experienced zero unique insiders buying, and 5 insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Urban Outfitters, Inc. (NASDAQ:URBN). These stocks are Ascena Retail Group Inc (NASDAQ:ASNA), Nordstrom, Inc. (NYSE:JWN), American Eagle Outfitters (NYSE:AEO), Abercrombie & Fitch Co. (NYSE:ANF), and Foot Locker, Inc. (NYSE:FL). This group of stocks belong to the apparel stores industry and their market caps are similar to URBN’s market cap.