Odyssean LLC Makes New Investment in Urban Outfitters, Inc. $URBN

Odyssean LLC acquired a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the 2nd quarter, HoldingsChannel reports. The fund acquired 38,608 shares of the apparel retailer’s stock, valued at approximately $2,736,000.

Several other institutional investors have also modified their holdings of URBN. Jupiter Topco LLC purchased a new stake in shares of Urban Outfitters during the second quarter worth about $1,765,000. J. Goldman & Co LP purchased a new position in Urban Outfitters in the 2nd quarter valued at about $21,836,000. III Capital Management purchased a new position in Urban Outfitters in the 2nd quarter valued at about $2,714,000. Hsbc Holdings PLC acquired a new stake in Urban Outfitters in the 2nd quarter worth about $1,613,000. Finally, PDT Partners LLC purchased a new stake in Urban Outfitters during the 2nd quarter worth approximately $4,521,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Price Performance

URBN stock opened at $75.78 on Wednesday. The business has a 50 day simple moving average of $73.69 and a 200-day simple moving average of $70.64. The firm has a market capitalization of $6.49 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. Urban Outfitters, Inc. has a 1 year low of $59.53 and a 1 year high of $84.35.

Analysts Set New Price Targets

A number of equities analysts have commented on URBN shares. Jefferies Financial Group increased their target price on Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Bank of America raised their price objective on Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 21st. The Goldman Sachs Group raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $93.00 in a research note on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $89.00 target price on shares of Urban Outfitters in a report on Monday, July 6th. Finally, Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.73.

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.