Odyssean LLC Invests $2.74 Million in Urban Outfitters, Inc. $URBN

Odyssean LLC bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 38,608 shares of the apparel retailer’s stock, valued at approximately $2,736,000.

A number of other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Urban Outfitters during the 2nd quarter worth about $615,160,000. Abrams Bison Investments LLC purchased a new position in shares of Urban Outfitters during the 4th quarter valued at about $127,114,000. Balyasny Asset Management L.P. lifted its holdings in shares of Urban Outfitters by 5,360.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after buying an additional 606,831 shares during the period. Norges Bank acquired a new position in shares of Urban Outfitters in the 4th quarter valued at about $44,191,000. Finally, UBS Group AG boosted its stake in shares of Urban Outfitters by 339.3% in the fourth quarter. UBS Group AG now owns 641,454 shares of the apparel retailer’s stock worth $48,276,000 after buying an additional 495,441 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

URBN has been the topic of several analyst reports. Barclays dropped their target price on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Weiss Ratings raised Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. The Goldman Sachs Group upgraded 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. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Sunday. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.73.

Urban Outfitters Stock Down 0.4%

URBN stock opened at $75.78 on Wednesday. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $84.35. The firm has a market cap of $6.49 billion, a P/E ratio of 14.55, a PEG ratio of 1.41 and a beta of 1.23. The company’s 50-day simple moving average is $73.69 and its 200-day simple moving average is $70.64.

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.