American Century Companies Inc. Buys 173,082 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

American Century Companies Inc. grew its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,089,155 shares of the apparel retailer's stock after acquiring an additional 173,082 shares during the period. American Century Companies Inc. owned 2.26% of Urban Outfitters worth $114,653,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of URBN. Proficio Capital Partners LLC increased its position in Urban Outfitters by 5,565.6% in the fourth quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer's stock worth $48,038,000 after buying an additional 859,886 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in Urban Outfitters during the fourth quarter valued at approximately $21,140,000. Cerity Partners LLC bought a new position in shares of Urban Outfitters in the third quarter worth approximately $8,340,000. Allspring Global Investments Holdings LLC boosted its position in shares of Urban Outfitters by 1,016.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock worth $7,223,000 after purchasing an additional 119,820 shares during the period. Finally, Fisher Asset Management LLC increased its stake in shares of Urban Outfitters by 5.6% in the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer's stock worth $120,122,000 after purchasing an additional 115,390 shares in the last quarter. Institutional investors own 77.61% of the company's stock.

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Analysts Set New Price Targets

URBN has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. StockNews.com upgraded Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday, March 1st. Citigroup upgraded Urban Outfitters from a "neutral" rating to a "buy" rating and increased their target price for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their price target on Urban Outfitters from $46.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. Finally, Barclays upped their target price on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $56.00.

Insider Activity at Urban Outfitters

In other news, CEO Tricia D. Smith sold 10,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 12,601 shares of the company's stock, valued at approximately $679,697.94. This represents a 44.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. Insiders sold a total of 99,976 shares of company stock worth $5,573,263 in the last quarter. 31.80% of the stock is owned by company insiders.

Urban Outfitters Price Performance

Shares of NASDAQ URBN traded down $0.56 during mid-day trading on Wednesday, hitting $52.61. 1,212,542 shares of the company's stock traded hands, compared to its average volume of 1,757,392. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16. The company's 50-day moving average is $54.69 and its two-hundred day moving average is $47.40. The company has a market capitalization of $4.85 billion, a P/E ratio of 15.07, a PEG ratio of 1.02 and a beta of 1.56.

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

Urban Outfitters Company 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.