131,080 Shares in Urban Outfitters, Inc. $URBN Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new position in Urban Outfitters, Inc. (NASDAQ:URBN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 131,080 shares of the apparel retailer’s stock, valued at approximately $9,288,000. Legal & General Group Plc owned approximately 0.15% of Urban Outfitters as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Urban Outfitters by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock worth $1,977,000 after buying an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Urban Outfitters by 10.5% during 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 valued at $7,476,000 after acquiring an additional 13,554 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Urban Outfitters by 343.5% during the second 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 during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Urban Outfitters by 125.1% during the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 274 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Urban Outfitters by 14.0% during the second 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 during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $79.29 on Wednesday. The business has a fifty day simple moving average of $74.37 and a two-hundred day simple moving average of $70.98. Urban Outfitters, Inc. has a 1 year low of $59.53 and a 1 year high of $85.43. The company has a market capitalization of $6.79 billion, a P/E ratio of 12.37, a P/E/G ratio of 1.27 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, August 26th. The apparel retailer reported $1.72 EPS for the quarter, meeting analysts’ consensus estimates of $1.72. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 EPS. As a group, analysts anticipate that Urban Outfitters, Inc. will post 6.15 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price objective for the company from $76.00 to $93.00 in a research note on Monday, July 20th. Wells Fargo & Company lifted their target price on Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. Jefferies Financial Group increased their price target on shares of Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a research report on Wednesday, August 12th. Barclays raised their price objective on shares of Urban Outfitters from $100.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Urban Outfitters in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.64.

About Urban Outfitters

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.