Deutsche Bank AG Purchases Shares of 63,217 Urban Outfitters, Inc. $URBN

Deutsche Bank AG acquired a new position in Urban Outfitters, Inc. (NASDAQ:URBN) in the 2nd quarter, HoldingsChannel reports. The firm acquired 63,217 shares of the apparel retailer’s stock, valued at approximately $4,480,000.

A number of other large investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Urban Outfitters by 4.6% during the 1st 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Urban Outfitters by 10.5% in the first 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 buying an additional 13,554 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $177,000 after acquiring an additional 1,886 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Urban Outfitters by 125.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 274 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Urban Outfitters by 14.0% in the 2nd quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer’s stock worth $13,242,000 after acquiring an additional 22,393 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Stock Performance

URBN opened at $75.78 on Wednesday. The stock has a market capitalization of $6.49 billion, a P/E ratio of 14.55, a P/E/G ratio of 1.41 and a beta of 1.23. The company’s 50-day simple moving average is $73.69 and its two-hundred day simple moving average is $70.64. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $84.35.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on URBN shares. Jefferies Financial Group raised their target price on Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. Bank of America increased their price objective on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Weiss Ratings raised shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Finally, The Goldman Sachs Group upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the stock from $76.00 to $93.00 in a research note on Monday, July 20th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and a consensus target price of $89.73.

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.