American Century Companies Inc. Raises Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Posted by on Sep 1st, 2023

American Century Companies Inc. raised its position in Urban Outfitters, Inc. (NASDAQ:URBN – Free Report) by 12.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 720,739 shares of the apparel retailer’s stock after buying an additional 77,522 shares during the quarter. American Century Companies Inc. owned approximately 0.78% of Urban Outfitters worth $19,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Captrust Financial Advisors raised its stake in shares of Urban Outfitters by 148.5% during the second quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 916 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Urban Outfitters by 3,168.6% during the first quarter. Bessemer Group Inc. now owns 2,288 shares of the apparel retailer’s stock worth $64,000 after purchasing an additional 2,218 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Urban Outfitters by 27.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,360 shares of the apparel retailer’s stock worth $56,000 after purchasing an additional 505 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Urban Outfitters by 20.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,374 shares of the apparel retailer’s stock worth $57,000 after purchasing an additional 400 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Urban Outfitters by 20.4% during the first quarter. Tower Research Capital LLC TRC now owns 2,639 shares of the apparel retailer’s stock worth $74,000 after purchasing an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Urban Outfitters Trading Up 1.7 %

Urban Outfitters stock opened at $33.21 on Friday. The stock has a market cap of $3.08 billion, a PE ratio of 13.84, a P/E/G ratio of 0.44 and a beta of 1.51. The stock has a 50-day moving average price of $34.60 and a 200 day moving average price of $30.38. Urban Outfitters, Inc. has a 52 week low of $18.75 and a 52 week high of $37.81.

Urban Outfitters (NASDAQ:URBN – Get Free Report) last posted its quarterly earnings data on Tuesday, August 22nd. The apparel retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.21. Urban Outfitters had a return on equity of 12.51% and a net margin of 4.56%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the business posted $0.64 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Urban Outfitters, Inc. will post 3.18 EPS for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, Director Todd R. Morgenfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $32.58, for a total value of $162,900.00. Following the sale, the director now directly owns 19,000 shares of the company’s stock, valued at approximately $619,020. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 31.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

URBN has been the topic of a number of recent analyst reports. Citigroup lowered Urban Outfitters from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $36.00 to $40.00 in a report on Monday, August 14th. Robert W. Baird raised their target price on Urban Outfitters from $32.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 23rd. StockNews.com initiated coverage on Urban Outfitters in a report on Thursday, August 17th. They issued a “buy” rating for the company. TheStreet raised Urban Outfitters from a “c” rating to a “b” rating in a report on Tuesday, May 23rd. Finally, Wells Fargo & Company raised their target price on Urban Outfitters from $30.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $36.36.

Read Our Latest Research Report on Urban Outfitters

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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