308,161 Shares in Urban Outfitters, Inc. $URBN Bought by J. Goldman & Co LP

J. Goldman & Co LP purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBNFree Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 308,161 shares of the apparel retailer’s stock, valued at approximately $21,836,000.

Other hedge funds also recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at about $27,000. Brown Brothers Harriman & Co. lifted its position in Urban Outfitters by 815.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after acquiring an additional 326 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Urban Outfitters in the 4th quarter worth approximately $33,000. Allworth Financial LP purchased a new stake in shares of Urban Outfitters during the second quarter valued at approximately $31,000. Finally, Transamerica Financial Advisors LLC lifted its position in shares of Urban Outfitters by 566.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 374 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Price Performance

URBN opened at $75.78 on Wednesday. Urban Outfitters, Inc. has a 12-month low of $59.53 and a 12-month high of $84.35. The stock has a market capitalization of $6.49 billion, a PE ratio of 14.55, a P/E/G ratio of 1.41 and a beta of 1.23. The firm’s fifty day moving average price is $73.69 and its 200 day moving average price is $70.64.

Analysts Set New Price Targets

A number of research firms recently weighed in on URBN. Jefferies Financial Group raised their price target on shares of Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. The Goldman Sachs Group raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price objective for the company from $76.00 to $93.00 in a research report on Monday, July 20th. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Bank of America lifted their target price on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $89.00 price target on shares of Urban Outfitters in a report on Monday, July 6th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and a consensus target price of $89.73.

Read Our Latest Stock Report on Urban Outfitters

Urban Outfitters Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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