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

Legal & General Group Plc acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the second quarter, Holdings Channel.com reports. The firm acquired 131,080 shares of the apparel retailer’s stock, valued at approximately $9,288,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Urban Outfitters during the fourth quarter worth $27,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Urban Outfitters by 815.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after acquiring an additional 326 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Urban Outfitters in the fourth quarter valued at $33,000. Allworth Financial LP purchased a new position in shares of Urban Outfitters in the second quarter valued at $31,000. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Urban Outfitters by 566.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 374 shares during the period. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $79.29 on Wednesday. The company has a market capitalization of $6.79 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.27 and a beta of 1.26. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $85.43. The business’s fifty day moving average is $74.37 and its 200 day moving average is $70.98.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, August 26th. The apparel retailer reported $1.72 EPS for the quarter, hitting the consensus estimate of $1.72. The business had revenue of $1.66 billion during 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 firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 earnings per share. On average, sell-side analysts forecast that Urban Outfitters, Inc. will post 6.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen cut Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday. UBS Group lifted their target price on Urban Outfitters from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Jefferies Financial Group upped their price target on Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a research report on Wednesday, August 12th. Barclays increased 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Urban Outfitters from $97.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.