Urban Outfitters, Inc. (NASDAQ:URBN) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 20.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,555,067 shares of the apparel retailer's stock after buying an additional 264,708 shares during the quarter. American Century Companies Inc. owned about 1.66% of Urban Outfitters worth $63,836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Urban Outfitters by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer's stock worth $349,736,000 after buying an additional 382,135 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Urban Outfitters by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,051,370 shares of the apparel retailer's stock worth $37,523,000 after purchasing an additional 13,246 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Urban Outfitters by 82.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer's stock worth $37,101,000 after purchasing an additional 470,323 shares during the period. Woodson Capital Management LP acquired a new stake in shares of Urban Outfitters during the 1st quarter worth approximately $27,233,000. Finally, Norges Bank acquired a new stake in shares of Urban Outfitters during the 4th quarter worth approximately $16,314,000. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Trading Up 1.7 %

URBN stock traded up $0.63 during midday trading on Monday, reaching $36.66. The stock had a trading volume of 2,189,930 shares, compared to its average volume of 1,751,455. The company's fifty day simple moving average is $40.91 and its 200 day simple moving average is $41.38. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 0.85 and a beta of 1.50. Urban Outfitters, Inc. has a 52-week low of $30.05 and a 52-week high of $48.90.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.24. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. Sell-side analysts predict that Urban Outfitters, Inc. will post 3.63 EPS for the current year.

Analyst Ratings Changes

URBN has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price objective on shares of Urban Outfitters from $35.00 to $34.00 and set an "underperform" rating on the stock in a research note on Thursday, August 22nd. Telsey Advisory Group cut shares of Urban Outfitters from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $49.00 to $44.00 in a research note on Thursday, August 22nd. Barclays dropped their price objective on shares of Urban Outfitters from $52.00 to $43.00 and set an "overweight" rating on the stock in a research note on Thursday, August 22nd. Bank of America decreased their target price on Urban Outfitters from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Thursday, August 22nd. Finally, UBS Group increased their target price on Urban Outfitters from $43.00 to $45.00 and gave the company a "neutral" rating in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $42.30.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction on Friday, July 12th. The stock was sold at an average price of $48.30, for a total transaction of $241,500.00. Following the transaction, the director now owns 565,296 shares in the company, valued at approximately $27,303,796.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The disclosure for this sale can be found here. 31.80% of the stock is currently owned by insiders.

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.