Empowered Funds LLC acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 155,425 shares of the apparel retailer’s stock, valued at approximately $11,013,000. Empowered Funds LLC owned approximately 0.18% of Urban Outfitters at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. bought a new stake in shares of Urban Outfitters during the fourth quarter worth $27,000. Brown Brothers Harriman & Co. lifted its stake in shares of Urban Outfitters by 815.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 326 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Urban Outfitters during the 2nd quarter valued at $31,000. Transamerica Financial Advisors LLC grew its position in 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 acquiring an additional 374 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Urban Outfitters in the 4th quarter worth about $33,000. Institutional investors own 77.61% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. The Goldman Sachs Group raised Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price target for the company from $76.00 to $93.00 in a research note on Monday, July 20th. UBS Group raised their price objective on shares of Urban Outfitters from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday. Wells Fargo & Company lifted their target price on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday. Barclays boosted their target price on shares of Urban Outfitters from $100.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Wall Street Zen upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.64.
Urban Outfitters Trading Up 2.9%
NASDAQ URBN opened at $81.09 on Friday. The business’s 50-day moving average price is $74.04 and its two-hundred day moving average price is $70.84. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $85.43. The firm has a market capitalization of $6.94 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23.
Urban Outfitters (NASDAQ:URBN – Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. As a group, analysts forecast that Urban Outfitters, Inc. will post 6.14 earnings per share for the current fiscal year.
Key Headlines Impacting Urban Outfitters
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
About Urban Outfitters
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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