Thrivent Financial for Lutherans Reduces Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Thrivent Financial for Lutherans trimmed its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 23.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 96,849 shares of the apparel retailer’s stock after selling 29,721 shares during the period. Thrivent Financial for Lutherans’ holdings in Urban Outfitters were worth $3,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its holdings in Urban Outfitters by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after buying an additional 1,230,771 shares during the period. Woodson Capital Management LP purchased a new stake in Urban Outfitters in the first quarter worth $27,233,000. Vanguard Group Inc. lifted its stake in Urban Outfitters by 5.0% in the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock worth $349,736,000 after acquiring an additional 382,135 shares during the period. American Century Companies Inc. boosted its holdings in Urban Outfitters by 20.5% in the second quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after acquiring an additional 264,708 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Urban Outfitters during the 3rd quarter valued at $7,789,000. 77.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

URBN has been the topic of a number of research reports. BMO Capital Markets cut their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday, August 22nd. Bank of America cut their price objective on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Wells Fargo & Company decreased 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. Jefferies Financial Group dropped 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. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $44.00 price objective on shares of Urban Outfitters in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.27.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 31.80% of the stock is owned by insiders.

Urban Outfitters Trading Up 3.8 %

Urban Outfitters stock opened at $40.46 on Tuesday. Urban Outfitters, Inc. has a 12 month low of $32.02 and a 12 month high of $48.90. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.92 and a beta of 1.50. The business’s fifty day simple moving average is $37.18 and its two-hundred day simple moving average is $40.06.

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.