State of New Jersey Common Pension Fund D Sells 15,584 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

State of New Jersey Common Pension Fund D decreased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 25.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,120 shares of the apparel retailer’s stock after selling 15,584 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Urban Outfitters were worth $1,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Urban Outfitters in the 4th quarter worth approximately $16,314,000. Parallel Advisors LLC lifted its stake in Urban Outfitters by 89.7% in the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 417 shares in the last quarter. Olympiad Research LP raised its position in shares of Urban Outfitters by 41.5% during the 4th quarter. Olympiad Research LP now owns 10,966 shares of the apparel retailer’s stock valued at $391,000 after buying an additional 3,214 shares in the last quarter. TFO Wealth Partners LLC raised its position in shares of Urban Outfitters by 26,563.2% during the 4th quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock valued at $178,000 after buying an additional 5,047 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Urban Outfitters by 82.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock valued at $37,101,000 after buying an additional 470,323 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Jefferies Financial Group dropped their price objective 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. BMO Capital Markets lowered their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday, August 22nd. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Morgan Stanley decreased 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 report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.30.

Insider Activity

In related news, Director Harry S. Cherken, Jr. sold 5,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the transaction, the director now directly owns 565,296 shares in the company, valued at $27,303,796.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the transaction, the director now directly owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters 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 disclosure for this sale can be found here. Company insiders own 31.80% of the company’s stock.

Urban Outfitters Stock Performance

URBN stock opened at $37.28 on Tuesday. The firm has a market cap of $3.48 billion, a PE ratio of 11.91, a P/E/G ratio of 0.89 and a beta of 1.50. The firm’s fifty day moving average is $40.08 and its 200 day moving average is $41.19. Urban Outfitters, Inc. has a one year low of $30.05 and a one year high of $48.90.

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

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.