Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $75.78, but opened at $78.90. Urban Outfitters shares last traded at $79.52, with a volume of 162,769 shares traded.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. Barclays lowered their target price on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Morgan Stanley restated an “overweight” rating and issued a $89.00 target price on shares of Urban Outfitters in a report on Monday, July 6th. The Goldman Sachs Group raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price target for the company from $76.00 to $93.00 in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Urban Outfitters presently has a consensus rating of “Moderate Buy” and an average target price of $89.73.
Check Out Our Latest Stock Report on Urban Outfitters
Urban Outfitters Stock Up 4.8%
Institutional Trading of Urban Outfitters
Several hedge funds have recently modified their holdings of URBN. Eurizon Capital SGR S.p.A. acquired a new position in shares of Urban Outfitters during the 4th quarter valued at $27,000. Brown Brothers Harriman & Co. grew its holdings in Urban Outfitters by 815.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 326 shares during the period. Allworth Financial LP acquired a new stake in Urban Outfitters in the second quarter worth $31,000. Transamerica Financial Advisors LLC increased its stake in Urban Outfitters by 566.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 374 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Urban Outfitters in the fourth quarter valued at $33,000. Institutional investors own 77.61% of the company’s stock.
Urban Outfitters Company 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.
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