Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 59.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,462 shares of the apparel retailer's stock after selling 21,629 shares during the quarter. Victory Capital Management Inc.'s holdings in Urban Outfitters were worth $794,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC grew its stake in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after buying an additional 202 shares during the last quarter. Quarry LP raised its holdings in shares of Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock worth $47,000 after buying an additional 298 shares during the period. KBC Group NV lifted its stake in shares of Urban Outfitters by 39.8% during the 3rd quarter. KBC Group NV now owns 2,087 shares of the apparel retailer's stock worth $80,000 after acquiring an additional 594 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Urban Outfitters by 315.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after acquiring an additional 1,125 shares during the period. Institutional investors own 77.61% of the company's stock.

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Urban Outfitters Stock Performance

URBN stock traded up $4.45 during trading on Monday, reaching $53.58. 2,412,320 shares of the company traded hands, compared to its average volume of 1,754,765. The business has a 50 day simple moving average of $54.82 and a 200 day simple moving average of $47.12. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $61.16. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56.

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

Insiders Place Their Bets

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the sale, the director now owns 510,296 shares in the company, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $639,261.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,976 shares of company stock valued at $5,573,263. 31.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Telsey Advisory Group lifted their target price on Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Wells Fargo & Company lifted their price objective on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Morgan Stanley upgraded shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Bank of America lifted their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, UBS Group increased their price objective on Urban Outfitters from $45.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $56.00.

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.