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

Key Points

• NFJ Investment Group LLC acquired 37,467 Urban Outfitters shares in the second quarter, valued at approximately $2.66 million. Institutional investors and hedge funds collectively own 77.61% of URBN’s outstanding stock.
• Analyst sentiment remains positive, with eight Buy ratings and six Holds contributing to a “Moderate Buy” consensus and an average price target of $89.73. JPMorgan recently raised its target to $110, while Bank of America increased its target to $90.
• Urban Outfitters reported quarterly EPS of $1.30, beating estimates of $1.12, while revenue rose 11.4% year over year to $1.48 billion. Shares opened at $72.65, compared with a 52-week range of $59.53 to $84.35.

NFJ Investment Group LLC bought a new position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,467 shares of the apparel retailer's stock, valued at approximately $2,655,000.

Several other hedge funds also recently made changes to their positions in URBN. Eurizon Capital SGR S.p.A. bought a new stake in shares of Urban Outfitters during the 4th quarter worth $27,000. Brown Brothers Harriman & Co. lifted its stake 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 valued at $28,000 after buying an additional 326 shares during the period. Salomon & Ludwin LLC grew its holdings in shares of Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer's stock worth $31,000 after purchasing an additional 149 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Urban Outfitters in the 4th quarter valued at $33,000. Finally, Transamerica Financial Advisors LLC increased its stake in Urban Outfitters by 566.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 374 shares during the period. Institutional investors and hedge funds own 77.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Bank of America increased their price objective on Urban Outfitters from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. 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 note on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price objective on Urban Outfitters from $97.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday. Morgan Stanley restated an "overweight" rating and set a $89.00 target price on shares of Urban Outfitters in a research report on Monday, July 6th. Finally, Weiss Ratings cut shares of Urban Outfitters from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $89.73.

Urban Outfitters Price Performance

Shares of URBN opened at $72.65 on Friday. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $84.35. The company's 50-day moving average is $73.77 and its 200-day moving average is $70.59. The firm has a market capitalization of $6.22 billion, a PE ratio of 13.94, a PEG ratio of 1.37 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 EPS for the quarter, topping the consensus estimate of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same period last year, the firm earned $1.16 earnings per share. The business's revenue for the quarter was up 11.4% on a year-over-year basis. Analysts predict that Urban Outfitters, Inc. will post 6.13 earnings per share for the current fiscal year.

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.

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