Victory Capital Management Inc. Has $611,000 Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Victory Capital Management Inc. decreased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 49.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 14,878 shares of the apparel retailer’s stock after selling 14,455 shares during the period. Victory Capital Management Inc.’s holdings in Urban Outfitters were worth $611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in URBN. Norges Bank acquired a new position in Urban Outfitters in the 4th quarter worth approximately $16,314,000. Quest Partners LLC acquired a new stake in shares of Urban Outfitters during the 4th quarter valued at $297,000. Parallel Advisors LLC boosted its stake in shares of Urban Outfitters by 89.7% during the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 417 shares during the period. Olympiad Research LP boosted its stake in shares of Urban Outfitters by 41.5% during the 4th quarter. Olympiad Research LP now owns 10,966 shares of the apparel retailer’s stock valued at $391,000 after buying an additional 3,214 shares during the period. Finally, TFO Wealth Partners LLC boosted its stake in shares of Urban Outfitters by 26,563.2% during the 4th quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock valued at $178,000 after buying an additional 5,047 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Price Performance

Shares of URBN opened at $36.77 on Monday. The company has a market capitalization of $3.43 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50. Urban Outfitters, Inc. has a one year low of $30.05 and a one year high of $48.90. The company’s fifty day moving average price is $40.25 and its 200 day moving average price is $41.22.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.00 by $0.24. The firm 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 business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. Analysts anticipate that Urban Outfitters, Inc. will post 3.63 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the business’s 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 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 is accessible through the SEC website. In other news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters 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 owns 565,296 shares in the company, valued at $27,303,796.80. The disclosure for this sale can be found here. Insiders own 31.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays decreased their target price on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. UBS Group lifted their target price on shares of Urban Outfitters from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Jefferies Financial Group decreased their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Thursday, August 22nd. BMO Capital Markets decreased their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.30.

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.