Northwestern Mutual Wealth Management Co. Takes $989,000 Position in Urban Outfitters, Inc. $URBN

Northwestern Mutual Wealth Management Co. purchased a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the second quarter, HoldingsChannel reports. The firm purchased 13,951 shares of the apparel retailer’s stock, valued at approximately $989,000.

Several other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Urban Outfitters during the 2nd quarter worth $615,160,000. Dimensional Fund Advisors LP increased its stake in shares of Urban Outfitters by 8.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock valued at $273,274,000 after buying an additional 338,622 shares during the period. Abrams Bison Investments LLC bought a new stake in shares of Urban Outfitters during the fourth quarter worth $127,114,000. Geode Capital Management LLC raised its position in shares of Urban Outfitters by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,507,027 shares of the apparel retailer’s stock worth $113,434,000 after acquiring an additional 35,244 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its stake in shares of Urban Outfitters by 33.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock valued at $97,646,000 after acquiring an additional 327,453 shares during the period. Institutional investors own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on URBN shares. JPMorgan Chase & Co. raised their price target on Urban Outfitters from $97.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Weiss Ratings raised Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Zacks Research downgraded shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Jefferies Financial Group lifted their price target on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a research report on Wednesday, August 12th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.73.

Urban Outfitters Stock Down 0.4%

NASDAQ:URBN opened at $75.78 on Wednesday. Urban Outfitters, Inc. has a 12-month low of $59.53 and a 12-month high of $84.35. The stock’s fifty day simple moving average is $73.69 and its 200-day simple moving average is $70.64. The firm has a market capitalization of $6.49 billion, a P/E ratio of 14.55, a P/E/G ratio of 1.41 and a beta of 1.23.

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.