NFJ Investment Group LLC Purchases New Position in Urban Outfitters, Inc. $URBN

NFJ Investment Group LLC bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 37,467 shares of the apparel retailer’s stock, valued at approximately $2,655,000.

Several other hedge funds and other institutional investors have also bought and sold shares of URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Urban Outfitters by 4.6% during 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 purchasing an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 valued at $7,476,000 after purchasing an additional 13,554 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 valued at $177,000 after purchasing an additional 1,886 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Urban Outfitters by 125.1% in the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 274 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Urban Outfitters by 14.0% in the second quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer’s stock worth $13,242,000 after buying an additional 22,393 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $72.65 on Friday. Urban Outfitters, Inc. has a 1 year low of $59.53 and a 1 year high of $84.35. The stock’s fifty day moving average price is $73.77 and its 200-day moving average price is $70.59. The company has a market cap of $6.22 billion, a P/E ratio of 13.94, a PEG ratio of 1.37 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.18. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the business posted $1.16 EPS. On average, sell-side analysts anticipate that Urban Outfitters, Inc. will post 6.13 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on URBN. Morgan Stanley restated an “overweight” rating and issued a $89.00 price objective on shares of Urban Outfitters in a research report on Monday, July 6th. Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Barclays decreased their price objective on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Jefferies Financial Group lifted their target price on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Finally, Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.73.

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.