Braun Stacey Associates Inc. lowered its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN – Free Report) by 5.7% in the second quarter, Holdings Channel reports. The institutional investor owned 250,407 shares of the apparel retailer’s stock after selling 15,035 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Urban Outfitters were worth $17,744,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. acquired a new stake in Urban Outfitters during the fourth quarter worth $27,000. Brown Brothers Harriman & Co. raised its position in 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 purchasing an additional 326 shares during the period. Allworth Financial LP acquired a new position in shares of Urban Outfitters in the 2nd quarter valued at $31,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Urban Outfitters during the 4th quarter worth $33,000. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of Urban Outfitters by 566.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 374 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Zacks Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Barclays boosted their price target on shares of Urban Outfitters from $100.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group upped their price objective on shares of Urban Outfitters from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Urban Outfitters in a research report on Thursday. Finally, Bank of America lifted their target price on shares of Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.64.
Urban Outfitters Price Performance
Shares of Urban Outfitters stock 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 price-to-earnings-growth ratio of 1.45 and a beta of 1.23. The business has a 50-day moving average of $74.04 and a 200 day 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 issued its quarterly earnings results on Wednesday, August 26th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.72. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.58 earnings per share. Equities research analysts anticipate that Urban Outfitters, Inc. will post 6.18 earnings per share for the current year.
More Urban Outfitters News
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
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.
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