Bank of New York Mellon Corp Makes New $26.28 Million Investment in Urban Outfitters, Inc. $URBN

Key Points

• Bank of New York Mellon purchased 370,875 Urban Outfitters shares worth approximately $26.28 million, giving it a 0.43% stake. Institutional investors collectively own 77.61% of the company.
• Urban Outfitters reported quarterly revenue of $1.66 billion, up 10.4% year over year and ahead of estimates, while EPS of $1.72 matched expectations and rose from $1.58 the prior year.
• Analyst sentiment remains positive but measured: the stock has a “Moderate Buy” consensus rating and an average price target of $90.64, while shares recently traded at $81.09 near their 12-month high.

Bank of New York Mellon Corp purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 370,875 shares of the apparel retailer's stock, valued at approximately $26,280,000. Bank of New York Mellon Corp owned 0.43% of Urban Outfitters at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Jupiter Asset Management Ltd. increased its holdings in Urban Outfitters by 33.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer's stock worth $97,646,000 after buying an additional 327,453 shares during the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in Urban Outfitters in the fourth quarter valued at $7,539,000. HighTower Advisors LLC grew its position in shares of Urban Outfitters by 883.4% in the 4th quarter. HighTower Advisors LLC now owns 43,081 shares of the apparel retailer's stock valued at $3,242,000 after acquiring an additional 38,700 shares during the period. UBS Group AG increased its stake in shares of Urban Outfitters by 339.3% during the 4th quarter. UBS Group AG now owns 641,454 shares of the apparel retailer's stock worth $48,276,000 after purchasing an additional 495,441 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Urban Outfitters during the 4th quarter worth about $44,191,000. Institutional investors and hedge funds own 77.61% of the company's stock.

Wall Street Analyst Weigh In

URBN has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price objective on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a "hold" rating in a research report on Wednesday, August 12th. Wells Fargo & Company upped their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday. Zacks Research lowered shares of Urban Outfitters from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. The Goldman Sachs Group raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and raised their target price for the stock from $76.00 to $93.00 in a report on Monday, July 20th. Finally, Weiss Ratings raised Urban Outfitters from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 24th. Eight equities 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, Urban Outfitters has a consensus rating of "Moderate Buy" and an average target price of $90.64.

Urban Outfitters Trading Up 2.9%

NASDAQ:URBN opened at $81.09 on Friday. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.49 and a beta of 1.23. The firm has a fifty day simple moving average of $74.04 and a two-hundred day simple moving average of $70.84. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $85.43.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The apparel retailer reported $1.72 EPS for the quarter, meeting analysts' consensus estimates of $1.72. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business posted $1.58 EPS. Urban Outfitters's quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts predict that Urban Outfitters, Inc. will post 6.14 earnings per share for the current fiscal year.

Key Headlines Impacting Urban Outfitters

Here are the key news stories impacting Urban Outfitters this week:

• Positive Sentiment: Record quarterly performance: Urban Outfitters reported fiscal Q2 revenue of approximately $1.66 billion, up 10.4% year over year and above estimates of $1.65 billion. Earnings of $1.72 per share matched consensus and increased from $1.58 a year earlier, while the company highlighted record sales and profits. Urban Outfitters Reports Record Quarterly Sales and Profits
• Positive Sentiment: Broad-based brand and channel growth: Results benefited from strength across Urban Outfitters’ portfolio, digital sales and customer channels. Reports also emphasized operating discipline and subscription momentum at Nuuly, which is targeting more than $700 million in revenue. URBN Q2 Deep Dive: Digital Strength, Subscription Growth, and Operational Discipline Shape Results
• Positive Sentiment: Constructive outlook: Management outlined high-single-digit sales growth for fiscal 2027, supporting expectations that momentum can continue beyond the latest quarter. Urban Outfitters outlines high-single-digit FY 2027 sales growth
• Positive Sentiment: Analyst and technical support: Wells Fargo raised its price target to $80, while other coverage pointed to improved forecasts following the results. Investor’s Business Daily also identified URBN among stocks testing new highs and a potential buy point. Urban Outfitters Analysts Boost Their Forecasts After Q2 Results
• Neutral Sentiment: URBN appears to be outperforming much of the retail-wholesale sector this year, but investors remain focused on whether that relative strength is sustainable. Are Retail-Wholesale Stocks Lagging Urban Outfitters This Year?
• Negative Sentiment: The reaction remains somewhat mixed because one report described adjusted earnings as missing expectations despite stronger sales. Wells Fargo’s “equal weight” rating and $80 target also suggest limited near-term upside at recent trading levels. Urban Outfitters Analysts Boost Their Forecasts After Q2 Results

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source