Allspring Global Investments Holdings LLC Has $7.22 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Allspring Global Investments Holdings LLC lifted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 1,016.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,606 shares of the apparel retailer’s stock after buying an additional 119,820 shares during the period. Allspring Global Investments Holdings LLC owned about 0.14% of Urban Outfitters worth $7,223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its position in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the last quarter. GAMMA Investing LLC boosted its position in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares during the last quarter. Quarry LP boosted its position in Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Urban Outfitters in the third quarter valued at approximately $47,000. Finally, KBC Group NV lifted its position in shares of Urban Outfitters by 39.8% in the third quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock valued at $80,000 after buying an additional 594 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on URBN. JPMorgan Chase & Co. raised their price objective on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Barclays raised their price objective on Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. UBS Group increased their target price on Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Finally, Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Urban Outfitters currently has a consensus rating of “Hold” and a consensus target price of $53.64.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $55.85 on Thursday. The stock’s fifty day moving average price is $55.78 and its two-hundred day moving average price is $44.86. The company has a market cap of $5.15 billion, a PE ratio of 16.00, a P/E/G ratio of 1.04 and a beta of 1.54. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $60.90.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $0.88 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the sale, the director now owns 495,296 shares of the company’s stock, valued at $25,012,448. The trade was a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 31.80% of the company’s stock.

About Urban Outfitters

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.