American Century Companies Inc. Purchases 173,082 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

American Century Companies Inc. increased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,089,155 shares of the apparel retailer’s stock after acquiring an additional 173,082 shares during the quarter. American Century Companies Inc. owned approximately 2.26% of Urban Outfitters worth $114,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in URBN. Geode Capital Management LLC increased its holdings in shares of Urban Outfitters by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after acquiring an additional 18,249 shares during the period. Algert Global LLC boosted its position in Urban Outfitters by 36.0% during the third quarter. Algert Global LLC now owns 53,715 shares of the apparel retailer’s stock valued at $2,058,000 after purchasing an additional 14,220 shares in the last quarter. Friedenthal Financial purchased a new position in Urban Outfitters in the fourth quarter valued at about $765,000. Petrus Trust Company LTA bought a new position in Urban Outfitters in the third quarter worth about $642,000. Finally, Fisher Asset Management LLC raised its stake in shares of Urban Outfitters by 3.1% during the 3rd quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock worth $79,433,000 after acquiring an additional 62,019 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Stock Performance

URBN opened at $49.13 on Monday. The company has a fifty day moving average of $54.82 and a two-hundred day moving average of $47.12. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $61.16. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. On average, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In related news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now directly owns 15,450 shares in the company, valued at approximately $902,898. The trade was a 34.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the director now directly owns 495,296 shares of the company’s stock, valued at $25,012,448. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,976 shares of company stock valued at $5,573,263 in the last three months. 31.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Barclays upped their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Robert W. Baird lifted their price target on Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. Finally, Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average 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.