Thrivent Financial for Lutherans Sells 29,721 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Thrivent Financial for Lutherans reduced its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 23.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,849 shares of the apparel retailer’s stock after selling 29,721 shares during the period. Thrivent Financial for Lutherans owned approximately 0.10% of Urban Outfitters worth $3,710,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 354 shares in the last quarter. Quarry LP lifted its holdings in shares of Urban Outfitters by 1,825.0% in the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after buying an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters in the second quarter valued at approximately $42,000. Meeder Asset Management Inc. purchased a new position in Urban Outfitters during the second quarter valued at approximately $48,000. Finally, Asset Management One Co. Ltd. bought a new stake in Urban Outfitters during the 3rd quarter worth approximately $47,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Urban Outfitters

In other Urban Outfitters 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 transaction of $413,951.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 31.80% of the stock is owned by insiders.

Urban Outfitters Stock Performance

URBN stock opened at $40.46 on Tuesday. The company has a market capitalization of $3.73 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.92 and a beta of 1.50. Urban Outfitters, Inc. has a one year low of $32.02 and a one year high of $48.90. The company’s 50 day moving average price is $37.18 and its two-hundred day moving average price is $40.06.

Analysts Set New Price Targets

URBN has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Jefferies Financial Group reduced their target price on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. BMO Capital Markets lowered their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a report on Thursday, August 22nd. Barclays cut their price objective on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, August 22nd. Finally, StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $42.27.

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.