Northwestern Mutual Wealth Management Co. Purchases Shares of 13,951 Urban Outfitters, Inc. $URBN

Northwestern Mutual Wealth Management Co. acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,951 shares of the apparel retailer’s stock, valued at approximately $989,000.

Several other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Urban Outfitters by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after acquiring an additional 1,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Urban Outfitters by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock valued at $7,476,000 after purchasing an additional 13,554 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 274 shares during the period. First Trust Advisors LP grew its stake in shares of Urban Outfitters by 14.0% in the 2nd quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer’s stock valued at $13,242,000 after purchasing an additional 22,393 shares during the period. Finally, Amundi raised its holdings in shares of Urban Outfitters by 138.3% in the 2nd quarter. Amundi now owns 75,210 shares of the apparel retailer’s stock worth $5,536,000 after buying an additional 43,649 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

Shares of URBN 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 PEG ratio of 1.41 and a beta of 1.23. The stock has a fifty day moving average price of $73.69 and a two-hundred day moving average price of $70.64. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $84.35.

Wall Street Analyst Weigh In

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. Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Morgan Stanley reissued an “overweight” rating and set a $89.00 price target on shares of Urban Outfitters in a report on Monday, July 6th. Finally, Weiss Ratings upgraded shares of Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.73.

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.