Victory Capital Management Inc. Has $40.65 Million Position in Urban Outfitters, Inc. $URBN

Victory Capital Management Inc. raised its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 569,046 shares of the apparel retailer’s stock after purchasing an additional 43,564 shares during the period. Victory Capital Management Inc. owned approximately 0.63% of Urban Outfitters worth $40,647,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in shares of Urban Outfitters in the 3rd quarter valued at $25,000. Hollencrest Capital Management bought a new position in Urban Outfitters during the second quarter worth about $26,000. Global Retirement Partners LLC lifted its holdings in Urban Outfitters by 158.4% during the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 282 shares in the last quarter. Kilter Group LLC bought a new position in Urban Outfitters during the second quarter worth about $36,000. Finally, EverSource Wealth Advisors LLC grew its stake in Urban Outfitters by 125.1% in the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 274 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $64.06 on Friday. The firm has a market cap of $5.74 billion, a PE ratio of 12.64, a P/E/G ratio of 1.24 and a beta of 1.22. The business’s 50 day simple moving average is $71.04 and its 200 day simple moving average is $71.04. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.19. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. The business’s revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $70.50, for a total transaction of $752,023.50. Following the sale, the chief executive officer directly owned 17,449,385 shares of the company’s stock, valued at $1,230,181,642.50. The trade was a 0.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Margaret Hayne sold 9,333 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $657,976.50. Following the completion of the transaction, the insider owned 1,933,859 shares of the company’s stock, valued at $136,337,059.50. The trade was a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 522,850 shares of company stock worth $39,467,864 over the last quarter. Company insiders own 31.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on URBN. Citigroup lifted their price objective on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Telsey Advisory Group restated an “outperform” rating and set a $98.00 target price on shares of Urban Outfitters in a report on Thursday, February 26th. Wells Fargo & Company cut their price target on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Wall Street Zen upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $86.25.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.