Victory Capital Management Inc. Grows Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Victory Capital Management Inc. lifted its position in shares of Urban Outfitters, Inc. (NASDAQ:URBNFree Report) by 167.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,797 shares of the apparel retailer’s stock after buying an additional 21,802 shares during the quarter. Victory Capital Management Inc.’s holdings in Urban Outfitters were worth $1,138,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of URBN. Captrust Financial Advisors lifted its stake in shares of Urban Outfitters by 148.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 916 shares in the last quarter. Covestor Ltd lifted its stake in shares of Urban Outfitters by 561.6% during the 2nd quarter. Covestor Ltd now owns 999 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 848 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Urban Outfitters during the 2nd quarter valued at $33,000. Castleview Partners LLC purchased a new position in shares of Urban Outfitters during the 3rd quarter valued at $39,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Urban Outfitters during the 2nd quarter valued at $52,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

URBN has been the topic of a number of analyst reports. UBS Group upgraded shares of Urban Outfitters from a “sell” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $41.00 in a research note on Monday. Morgan Stanley reiterated an “equal weight” rating and issued a $36.00 price target (down previously from $42.00) on shares of Urban Outfitters in a research note on Friday, November 24th. Telsey Advisory Group boosted their price target on shares of Urban Outfitters from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Finally, StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $38.09.

Read Our Latest Analysis on URBN

Urban Outfitters Stock Down 0.7 %

Urban Outfitters stock opened at $42.22 on Tuesday. The company’s 50-day moving average price is $37.94 and its 200-day moving average price is $35.47. Urban Outfitters, Inc. has a twelve month low of $24.73 and a twelve month high of $43.41. The company has a market cap of $3.92 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 0.67 and a beta of 1.52.

Urban Outfitters (NASDAQ:URBNGet Free Report) last posted its earnings results on Tuesday, November 21st. The apparel retailer reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Urban Outfitters had a net margin of 5.37% and a return on equity of 14.40%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 3.25 earnings per share for the current fiscal year.

Urban Outfitters Company Profile

(Free Report)

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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