Proficio Capital Partners LLC Makes New Investment in Urban Outfitters, Inc. $URBN

Proficio Capital Partners LLC purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 21,376 shares of the apparel retailer’s stock, valued at approximately $1,515,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of URBN. BlackRock Inc. purchased a new position in Urban Outfitters during the second quarter valued at approximately $615,160,000. Dimensional Fund Advisors LP grew its position in shares of Urban Outfitters by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock valued at $273,274,000 after purchasing an additional 338,622 shares in the last quarter. Abrams Bison Investments LLC bought a new position in shares of Urban Outfitters in the fourth quarter worth $127,114,000. Geode Capital Management LLC raised its position in shares of Urban Outfitters by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,507,027 shares of the apparel retailer’s stock worth $113,434,000 after buying an additional 35,244 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in Urban Outfitters by 33.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock valued at $97,646,000 after buying an additional 327,453 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on URBN. Weiss Ratings upgraded Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Wall Street Zen raised Urban Outfitters from a “hold” rating to a “buy” rating in a report on Sunday. The Goldman Sachs Group upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $93.00 in a research report on Monday, July 20th. Barclays dropped 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 report on Friday, May 22nd. Finally, Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.73.

Trending Headlines about Urban Outfitters

Here are the key news stories impacting Urban Outfitters this week:

• Positive Sentiment: Fiscal Q2 net sales rose 10.4% year over year to a record $1.66 billion. The company reported record quarterly adjusted profit, with adjusted EPS of $1.72 versus $1.58 a year earlier, matching consensus estimates. URBN Reports Record Q2 Sales and Profits
• Positive Sentiment: Growth was broad-based: comparable retail sales increased 10.0% at the Free People group, 8.4% at Urban Outfitters, and 3.0% at Anthropologie. This suggests demand remained resilient across the portfolio rather than relying on a single brand. Urban Outfitters Sales Rise as Free People Strength Continues
• Positive Sentiment: Nuuly remained a key growth engine, with subscription revenue up 28.6% and average active subscribers up 30.4%. Investors also appeared encouraged by the company’s record-sales streak and recent analyst price targets, which carry a reported median of $93.50.
• Positive Sentiment: GAAP net income reached $240.7 million, or $2.78 per diluted share, for the quarter. The results reinforce the view that Urban Outfitters is executing well despite a mixed retail environment. Urban Outfitters Earnings Report

Urban Outfitters Trading Up 9.5%

Shares of Urban Outfitters stock opened at $82.95 on Thursday. The business’s 50-day moving average price is $73.90 and its 200-day moving average price is $70.73. The firm has a market capitalization of $7.10 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $84.35.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, August 26th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.72. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. Urban Outfitters’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts predict that Urban Outfitters, Inc. will post 6.13 earnings per share for the current fiscal year.

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.