American Century Companies Inc. Raises Position in Urban Outfitters, Inc. (NASDAQ:URBN)

American Century Companies Inc. grew its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 9.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,089,155 shares of the apparel retailer's stock after buying an additional 173,082 shares during the period. American Century Companies Inc. owned 2.26% of Urban Outfitters worth $114,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. increased its position in Urban Outfitters by 142.6% during the 3rd quarter. Victory Capital Management Inc. now owns 36,091 shares of the apparel retailer's stock valued at $1,383,000 after buying an additional 21,213 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Urban Outfitters during the third quarter valued at about $346,000. Pathstone Holdings LLC increased its holdings in shares of Urban Outfitters by 1.1% during the third quarter. Pathstone Holdings LLC now owns 74,271 shares of the apparel retailer's stock valued at $2,845,000 after acquiring an additional 780 shares in the last quarter. Prospera Financial Services Inc raised its position in shares of Urban Outfitters by 7.7% in the 3rd quarter. Prospera Financial Services Inc now owns 8,537 shares of the apparel retailer's stock valued at $327,000 after purchasing an additional 607 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Urban Outfitters in the 3rd quarter worth approximately $361,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

Urban Outfitters Price Performance

NASDAQ:URBN traded down $0.79 during trading hours on Thursday, reaching $51.82. The company had a trading volume of 1,449,421 shares, compared to its average volume of 1,756,349. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The business's 50 day moving average price is $54.69 and its 200-day moving average price is $47.40. The firm has a market cap of $4.78 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.15. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. On average, analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Urban Outfitters from a "hold" rating to a "buy" rating in a report on Saturday, March 1st. Robert W. Baird raised their target price on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Telsey Advisory Group boosted their price target on Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Barclays raised their price objective on Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. lifted their target price on Urban Outfitters from $46.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $56.00.

Insider Activity

In other news, CEO Tricia D. Smith sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,601 shares of the company's stock, valued at $679,697.94. This represents a 44.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. Insiders have sold 99,976 shares of company stock worth $5,573,263 in the last ninety days. Company insiders own 31.80% of the company's stock.

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.