Urban Outfitters (URBN)

• Market cap: $5.08B
• 1 day: 2.51%
• 5 days: 4.50%
• 1 month: 49.25%
• 3 months: 49.82%
• 6 months: 24.44%
• Year to date: 54.18%
• 1 year: 50.93%
• 5 years: 99.31%
• 10 years: 59.73%
• Sector: Consumer Discretionary
• Industry: Family Clothing Stores

About: Founded in 1970, Philadelphia-based Urban Outfitters is an apparel and home goods retailer that operates more than 700 stores and e-commerce in the United States (87.5% of fiscal 2024 sales) and other regions. Its retail nameplates are Urban Outfitters, Free People, FP Movement, and Anthropologie. Retail accounted for 91% of fiscal 2024 revenue, but the firm also sells products through a wholesale operation, owns some restaurants, and operates a clothing rental and resale business called Nuuly (5% of sales). Urban Outfitters primarily markets to young adults and offers products in categories such as apparel (66% of sales), home goods (16% of sales), accessories (13% of sales), and more.

Employees: 28,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

20% more call options, than puts

Call options by funds: $54.4M | Put options by funds: $45.3M

3% less funds holding

Funds holding: 305 [Q2] → 295 (-10) [Q3]

3.39% less ownership

Funds ownership: 75.96% [Q2] → 72.57% (-3.39%) [Q3]

12% less capital invested

Capital invested by funds: $2.91B [Q2] → $2.56B (-$348M) [Q3]

16% less repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 107

17% less first-time investments, than exits

New positions opened: 48 | Existing positions closed: 58

50% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 3 (-3) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $41 26% downside
• Avg. target: $50 10% downside
• High target: $59 7% upside

7 analyst ratings

• positive: 3 43%
• neutral: 4 57%
• negative: 0 0%

Wells Fargo Ike Boruchow 62% 1-year accuracy 28 / 45 met price target	13% downside $48	Equal-Weight Maintained	27 Nov 2024
Morgan Stanley Alex Straton 76% 1-year accuracy 22 / 29 met price target	26% downside $41	Equal-Weight Maintained	27 Nov 2024
Barclays Adrienne Yih 49% 1-year accuracy 46 / 94 met price target	7% downside $51	Overweight Maintained	27 Nov 2024
B of A Securities Lorraine Hutchinson 53% 1-year accuracy 17 / 32 met price target	4% downside $53	Buy Maintained	27 Nov 2024
Baird Mark Altschwager 73% 1-year accuracy 24 / 33 met price target	11% downside $49	Neutral Maintained	27 Nov 2024