PDT Partners LLC purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 63,800 shares of the apparel retailer’s stock, valued at approximately $4,521,000. PDT Partners LLC owned approximately 0.07% of Urban Outfitters as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Urban Outfitters by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after acquiring an additional 1,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Urban Outfitters by 10.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after purchasing an additional 13,554 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Urban Outfitters by 343.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,435 shares of the apparel retailer’s stock worth $177,000 after purchasing an additional 1,886 shares during the period. EverSource Wealth Advisors LLC raised its position in Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 274 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Urban Outfitters by 14.0% in the 2nd quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer’s stock valued at $13,242,000 after purchasing an additional 22,393 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.
Analysts Set New Price Targets
URBN has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $89.00 target price on shares of Urban Outfitters in a report on Monday, July 6th. Bank of America lifted their price target on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Jefferies Financial Group boosted their price target on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Finally, Barclays dropped their price objective on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.73.
Urban Outfitters Stock Performance
URBN opened at $75.78 on Wednesday. Urban Outfitters, Inc. has a one year low of $59.53 and a one year high of $84.35. The company has a market cap of $6.49 billion, a P/E ratio of 14.55, a PEG ratio of 1.41 and a beta of 1.23. The business’s 50-day simple moving average is $73.69 and its 200-day simple moving average is $70.64.
Urban Outfitters Profile
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.
Further Reading
- Five stocks we like better than Urban Outfitters
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.
