114,743 Shares in Urban Outfitters, Inc. (NASDAQ:URBN) Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. acquired a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 114,743 shares of the apparel retailer's stock, valued at approximately $4,710,000. Maverick Capital Ltd. owned approximately 0.12% of Urban Outfitters as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of URBN. Norges Bank acquired a new stake in Urban Outfitters during the fourth quarter worth approximately $16,314,000. Parallel Advisors LLC grew its stake in Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer's stock valued at $31,000 after acquiring an additional 417 shares during the period. TFO Wealth Partners LLC grew its stake in Urban Outfitters by 26,563.2% in the fourth quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer's stock valued at $178,000 after acquiring an additional 5,047 shares during the period. Goldman Sachs Group Inc. grew its stake in Urban Outfitters by 82.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer's stock valued at $37,101,000 after acquiring an additional 470,323 shares during the period. Finally, Vanguard Group Inc. grew its stake in Urban Outfitters by 9.6% in the fourth quarter. Vanguard Group Inc. now owns 7,672,586 shares of the apparel retailer's stock valued at $273,835,000 after acquiring an additional 674,790 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on URBN. Wells Fargo & Company reduced their price objective on Urban Outfitters from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Thursday, August 22nd. StockNews.com raised Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Friday, September 20th. Barclays cut their target price on Urban Outfitters from $52.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, August 22nd. Bank of America cut 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, BMO Capital Markets cut their target price on Urban Outfitters from $42.00 to $39.00 and set a "market perform" rating on the stock in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $42.30.

Insider Buying and Selling at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 5,000 shares of the business's stock in a transaction on Friday, July 12th. The shares were sold at an average price of $48.30, for a total value of $241,500.00. Following the sale, the director now owns 565,296 shares in the company, valued at $27,303,796.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Tricia D. Smith sold 11,730 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the sale, the director now directly owns 565,296 shares of the company's stock, valued at $27,303,796.80. The disclosure for this sale can be found here. Insiders own 31.80% of the company's stock.

Urban Outfitters Price Performance

URBN stock traded up $0.63 on Friday, reaching $38.32. 2,201,953 shares of the company traded hands, compared to its average volume of 1,752,605. The company has a market cap of $3.54 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 0.93 and a beta of 1.50. The firm has a fifty day simple moving average of $39.40 and a 200-day simple moving average of $41.10. Urban Outfitters, Inc. has a one year low of $30.67 and a one year high of $48.90.

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

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.