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

Victory Capital Management Inc. raised its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 142.6% in the 3rd quarter, HoldingsChannel.com reports. The firm 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.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. raised its position in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 354 shares during the last quarter. Quarry LP grew its stake in shares of Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 876 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Urban Outfitters in the second quarter valued at about $42,000. Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters during the third quarter valued at about $47,000. Finally, Meeder Asset Management Inc. purchased a new position in Urban Outfitters during the second quarter worth about $48,000. Institutional investors own 77.61% of the company’s stock.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction dated Friday, September 6th. The stock was 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 at the SEC website. 31.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Bank of America decreased their price objective on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated a “market perform” rating and set a $44.00 price target on shares of Urban Outfitters in a report on Wednesday, November 20th. Wells Fargo & Company reduced their price objective on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Citigroup lifted their target price on Urban Outfitters from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Finally, Barclays reduced their price target on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.27.

Urban Outfitters Stock Up 3.8 %

Shares of NASDAQ:URBN opened at $40.46 on Tuesday. The firm has a market capitalization of $3.73 billion, a PE ratio of 12.37, a P/E/G ratio of 0.92 and a beta of 1.50. The company has a 50-day moving average price of $37.18 and a two-hundred day moving average price of $40.06. Urban Outfitters, Inc. has a twelve month low of $32.02 and a twelve month high of $48.90.

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.