J. Goldman & Co LP Takes $21.84 Million Position in Urban Outfitters, Inc. $URBN

Key Points

• J. Goldman & Co. LP acquired 308,161 Urban Outfitters shares worth approximately $21.84 million, representing a 0.36% stake. Institutional investors collectively own 77.61% of the company.
• Urban Outfitters shares opened at $75.78, with a 12-month range of $59.53 to $84.35 and a market capitalization of about $6.49 billion.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $89.73; eight analysts rate the stock a Buy and six rate it a Hold.

J. Goldman & Co LP acquired a new stake in shares of 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 & Exchange Commission. The institutional investor acquired 308,161 shares of the apparel retailer's stock, valued at approximately $21,836,000. J. Goldman & Co LP owned 0.36% of Urban Outfitters as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Urban Outfitters in the 2nd quarter valued at $615,160,000. Dimensional Fund Advisors LP boosted its holdings in shares of Urban Outfitters by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer's stock worth $273,274,000 after purchasing an additional 338,622 shares during the last quarter. Abrams Bison Investments LLC purchased a new stake in shares of Urban Outfitters in the fourth quarter valued at $127,114,000. Geode Capital Management LLC grew its position in shares of Urban Outfitters by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,507,027 shares of the apparel retailer's stock valued at $113,434,000 after purchasing an additional 35,244 shares during the period. Finally, Jupiter Asset Management Ltd. increased its stake in Urban Outfitters by 33.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer's stock valued at $97,646,000 after purchasing an additional 327,453 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $75.78 on Wednesday. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $84.35. The stock's 50-day moving average is $73.69 and its 200-day moving average is $70.64.

Wall Street Analysts Forecast Growth

URBN has been the topic of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating and set a $89.00 target price on shares of Urban Outfitters in a research report on Monday, July 6th. Barclays dropped their price objective on shares of Urban Outfitters from $102.00 to $100.00 and set an "overweight" rating for the company in a research note on Friday, May 22nd. Zacks Research cut 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 upgraded shares of Urban Outfitters from a "neutral" rating to a "buy" rating and boosted their target price for the company from $76.00 to $93.00 in a report on Monday, July 20th. Finally, Bank of America upped their price target on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. 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, 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.

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