Louisiana State Employees Retirement System Trims Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Louisiana State Employees Retirement System trimmed its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,200 shares of the apparel retailer’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Urban Outfitters were worth $1,493,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in shares of 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 acquiring an additional 354 shares during the last quarter. GAMMA Investing LLC raised its position in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 202 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in Urban Outfitters during the 3rd quarter valued at approximately $47,000. Quarry LP grew its holdings in shares of Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after acquiring an additional 298 shares during the period. Finally, KBC Group NV grew its holdings in shares of Urban Outfitters by 39.8% during the 3rd quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock worth $80,000 after acquiring an additional 594 shares during the period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 31.80% of the stock is currently owned by company insiders.

Urban Outfitters Stock Performance

Shares of URBN stock opened at $56.01 on Monday. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $60.90. The firm has a market capitalization of $5.17 billion, a PE ratio of 16.05, a PEG ratio of 1.07 and a beta of 1.54. The stock has a fifty day simple moving average of $55.42 and a two-hundred day simple moving average of $44.59.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business posted $0.88 EPS. Urban Outfitters’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

URBN has been the topic of several recent research reports. Wells Fargo & Company upped their price target on Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and increased their target price for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Bank of America increased their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Telsey Advisory Group increased their price target on Urban Outfitters from $46.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and a consensus target price of $53.64.

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.