1,019 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,019 shares of the apparel retailer’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth about $48,000. Innealta Capital LLC acquired a new stake in Urban Outfitters during the second quarter worth approximately $70,000. CWM LLC boosted its holdings in shares of Urban Outfitters by 165.6% during the second quarter. CWM LLC now owns 2,085 shares of the apparel retailer’s stock worth $86,000 after acquiring an additional 1,300 shares during the period. Signaturefd LLC grew its position in shares of Urban Outfitters by 15.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock valued at $92,000 after purchasing an additional 299 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Urban Outfitters during the second quarter worth approximately $224,000. 77.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on URBN. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Bank of America lowered 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. Telsey Advisory Group downgraded shares of Urban Outfitters from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $49.00 to $44.00 in a report on Thursday, August 22nd. Wells Fargo & Company lowered their target price on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Finally, Barclays cut their price target on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.30.

Urban Outfitters Price Performance

NASDAQ URBN opened at $36.30 on Friday. The business has a fifty day moving average price of $37.66 and a two-hundred day moving average price of $40.67. The stock has a market capitalization of $3.35 billion, a PE ratio of 11.10, a PEG ratio of 0.87 and a beta of 1.49. Urban Outfitters, Inc. has a fifty-two week low of $31.29 and a fifty-two week high of $48.90.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the company earned $1.10 EPS. Urban Outfitters’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 3.63 earnings per share for the current year.

Insider Activity

In related news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 31.80% of the stock is currently owned by corporate insiders.

Urban Outfitters 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.