Urban Outfitters, Inc. (NASDAQ:URBN) Shares Bought by Arizona State Retirement System

Arizona State Retirement System grew its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,976 shares of the apparel retailer’s stock after buying an additional 401 shares during the period. Arizona State Retirement System’s holdings in Urban Outfitters were worth $697,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its stake in Urban Outfitters by 89.7% during the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 417 shares during the last quarter. Innealta Capital LLC purchased a new stake in Urban Outfitters in the 2nd quarter valued at about $70,000. CWM LLC lifted its position in Urban Outfitters by 165.6% in the second quarter. CWM LLC now owns 2,085 shares of the apparel retailer’s stock valued at $86,000 after buying an additional 1,300 shares during the last quarter. Signaturefd LLC lifted its position in Urban Outfitters by 15.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock valued at $92,000 after buying an additional 299 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its stake in Urban Outfitters by 26,563.2% during the fourth quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock worth $178,000 after buying an additional 5,047 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Analyst Upgrades and Downgrades

URBN has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Morgan Stanley cut their price objective on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Bank of America lowered their target price on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, Jefferies Financial Group cut their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” 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, the company currently has a consensus rating of “Hold” and a consensus price target of $42.30.

Urban Outfitters Stock Performance

URBN stock opened at $36.03 on Monday. The company’s 50 day moving average price is $41.05 and its 200 day moving average price is $41.41. The firm 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. Urban Outfitters, Inc. has a fifty-two week low of $30.05 and a fifty-two week high of $48.90.

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

Insider Transactions at Urban Outfitters

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