Wellington Management Group LLP Has $24.97 Million Stock Position in Urban Outfitters, Inc. $URBN

Wellington Management Group LLP lowered its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 6.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 352,441 shares of the apparel retailer’s stock after selling 22,780 shares during the period. Wellington Management Group LLP’s holdings in Urban Outfitters were worth $24,974,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Urban Outfitters in the second quarter valued at $7,956,000. Empowered Funds LLC acquired a new stake in shares of Urban Outfitters in the second quarter valued at about $11,013,000. Caitlin John LLC bought a new position in shares of Urban Outfitters during the second quarter worth about $435,000. Equitable Holdings Inc. bought a new position in shares of Urban Outfitters during the second quarter worth about $371,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Urban Outfitters in the second quarter worth approximately $91,000. Institutional investors own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on URBN. Wells Fargo & Company increased their target price on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Weiss Ratings upgraded shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 24th. Wall Street Zen cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, August 31st. Jefferies Financial Group lifted their price objective on Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a research report on Wednesday, August 12th. Finally, Barclays boosted their target price on shares of Urban Outfitters from $100.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Urban Outfitters presently has an average rating of “Moderate Buy” and an average target price of $90.64.

Urban Outfitters Trading Up 0.5%

Shares of Urban Outfitters stock opened at $80.97 on Friday. The stock has a fifty day simple moving average of $74.83 and a 200 day simple moving average of $71.19. Urban Outfitters, Inc. has a 12-month low of $59.53 and a 12-month high of $85.43. The company has a market capitalization of $6.93 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.27 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.72. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 EPS. On average, analysts predict that Urban Outfitters, Inc. will post 6.16 EPS for the current 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.