Thrivent Financial for Lutherans Sells 53,348 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Thrivent Financial for Lutherans reduced its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 55.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,501 shares of the apparel retailer's stock after selling 53,348 shares during the quarter. Thrivent Financial for Lutherans' holdings in Urban Outfitters were worth $2,387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC increased its position in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after buying an additional 202 shares during the last quarter. Quarry LP raised its stake in Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock valued at $47,000 after buying an additional 298 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Urban Outfitters by 315.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after buying an additional 1,125 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Urban Outfitters by 38.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock worth $95,000 after acquiring an additional 470 shares during the period. Institutional investors and hedge funds own 77.61% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have commented on URBN shares. JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, January 8th. Wells Fargo & Company boosted their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Telsey Advisory Group lifted their price objective on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. Robert W. Baird increased their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley upgraded shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $41.00 to $63.00 in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $56.00.

Urban Outfitters Trading Down 0.7 %

NASDAQ URBN traded down $0.34 on Friday, hitting $51.48. 1,928,999 shares of the company's stock were exchanged, compared to its average volume of 1,787,691. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $61.16. The stock has a 50-day moving average of $54.59 and a 200-day moving average of $47.64. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.02 and a beta of 1.56.

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

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 10,000 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total value of $539,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,601 shares in the company, valued at approximately $679,697.94. This trade represents a 44.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the sale, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,976 shares of company stock valued at $5,573,263 in the last quarter. Insiders own 31.80% of the company's stock.

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.