Jupiter Topco LLC Buys Shares of 24,909 Urban Outfitters, Inc. $URBN

Jupiter Topco LLC purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 24,909 shares of the apparel retailer’s stock, valued at approximately $1,765,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 acquiring an additional 1,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Urban Outfitters by 10.5% in 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 worth $7,476,000 after purchasing an additional 13,554 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Urban Outfitters by 343.5% in 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 during the period. EverSource Wealth Advisors LLC boosted its holdings in Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 274 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Urban Outfitters by 14.0% during the 2nd quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer’s stock valued at $13,242,000 after purchasing an additional 22,393 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $80.58 on Friday. The company’s fifty day moving average price is $74.68 and its 200-day moving average price is $71.12. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.24 and a beta of 1.26. Urban Outfitters, Inc. has a one year low of $59.53 and a one year high of $85.43.

Urban Outfitters (NASDAQ:URBN) last announced 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. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. As a group, equities research analysts expect that Urban Outfitters, Inc. will post 6.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on URBN shares. Barclays upped their price target 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. Weiss Ratings raised Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 24th. Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Jefferies Financial Group upped their target price on Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Urban Outfitters in a report on Friday, August 28th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.64.

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.