Allspring Global Investments Holdings LLC Has $640,000 Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Allspring Global Investments Holdings LLC raised its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 21.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 15,582 shares of the apparel retailer’s stock after acquiring an additional 2,740 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Urban Outfitters were worth $640,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Urban Outfitters by 5.0% in the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock valued at $349,736,000 after purchasing an additional 382,135 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Urban Outfitters by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,600,911 shares of the apparel retailer’s stock valued at $235,590,000 after buying an additional 125,147 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Urban Outfitters by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,051,370 shares of the apparel retailer’s stock worth $37,523,000 after acquiring an additional 13,246 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Urban Outfitters by 82.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock worth $37,101,000 after acquiring an additional 470,323 shares during the period. Finally, Woodson Capital Management LP bought a new stake in Urban Outfitters in the first quarter valued at approximately $27,233,000. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $36.21 on Friday. The stock has a market capitalization of $3.38 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.88 and a beta of 1.50. Urban Outfitters, Inc. has a 52 week low of $30.05 and a 52 week high of $48.90. The stock has a 50 day moving average price of $41.94 and a two-hundred day moving average price of $41.82.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.24. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $1.10 EPS. Urban Outfitters’s revenue was up 6.3% compared to the same quarter last year. Research analysts forecast that Urban Outfitters, Inc. will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

URBN has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Barclays decreased their price target on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, August 22nd. Morgan Stanley dropped their price objective on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group cut Urban Outfitters from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $49.00 to $44.00 in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Urban Outfitters has an average rating of “Hold” and a consensus target price of $42.30.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the transaction, the director now owns 565,296 shares in the company, valued at approximately $27,303,796.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 31.80% of the stock is currently owned by insiders.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.