American Century Companies Inc. Has $63.84 Million Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

American Century Companies Inc. boosted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,555,067 shares of the apparel retailer’s stock after buying an additional 264,708 shares during the quarter. American Century Companies Inc. owned approximately 1.66% of Urban Outfitters worth $63,836,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of URBN. Parallel Advisors LLC boosted its stake in shares of Urban Outfitters by 89.7% in the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 417 shares in the last quarter. Innealta Capital LLC acquired a new position in Urban Outfitters in the second quarter valued at about $70,000. CWM LLC grew its stake in Urban Outfitters by 165.6% during the second quarter. CWM LLC now owns 2,085 shares of the apparel retailer’s stock worth $86,000 after buying an additional 1,300 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Urban Outfitters by 15.5% during the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock worth $92,000 after buying an additional 299 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its stake in shares of Urban Outfitters by 26,563.2% in the fourth quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock valued at $178,000 after acquiring an additional 5,047 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on URBN. Jefferies Financial Group decreased their price target on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. Barclays lowered their target price on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. BMO Capital Markets reduced their price target on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. UBS Group raised their price objective on shares of Urban Outfitters from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Finally, Wells Fargo & Company decreased their price target on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Urban Outfitters has an average rating of “Hold” and a consensus price target of $42.30.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $36.03 on Monday. Urban Outfitters, Inc. has a 52 week low of $30.05 and a 52 week high of $48.90. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 0.85 and a beta of 1.50. The firm has a fifty day moving average of $41.05 and a two-hundred day moving average of $41.41.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.24. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share. As a group, research analysts forecast that Urban Outfitters, Inc. will post 3.63 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction on 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 legal filing with the SEC, which is available through this link. In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total value of $241,500.00. Following the completion of the transaction, the director now owns 565,296 shares in the company, valued at $27,303,796.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The disclosure for this sale can be found here. Corporate insiders own 31.80% of the company’s stock.

Urban Outfitters Company 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.