Victory Capital Management Inc. Buys 21,213 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Victory Capital Management Inc. grew its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 142.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,091 shares of the apparel retailer’s stock after buying an additional 21,213 shares during the quarter. Victory Capital Management Inc.’s holdings in Urban Outfitters were worth $1,383,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. grew its position in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the last quarter. Quarry LP grew its holdings in shares of Urban Outfitters by 1,825.0% during the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Urban Outfitters in the second quarter valued at approximately $42,000. Meeder Asset Management Inc. bought a new position in Urban Outfitters in the 2nd quarter valued at approximately $48,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Urban Outfitters during the 3rd quarter worth approximately $47,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 31.80% of the company’s stock.

Urban Outfitters Stock Up 3.8 %

NASDAQ:URBN opened at $40.46 on Tuesday. The firm has a market capitalization of $3.73 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.92 and a beta of 1.50. Urban Outfitters, Inc. has a twelve month low of $32.02 and a twelve month high of $48.90. The company has a fifty day moving average of $37.18 and a 200-day moving average of $40.06.

Analysts Set New Price Targets

URBN has been the subject of several analyst reports. Morgan Stanley dropped their price target on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Wells Fargo & Company lowered their target price on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $44.00 price target on shares of Urban Outfitters in a research report on Wednesday, November 20th. Barclays lowered their price objective on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. Finally, Jefferies Financial Group reduced their target price on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.27.

About Urban Outfitters

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.