Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,945 shares of the apparel retailer’s stock after selling 5,517 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Urban Outfitters worth $4,717,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in URBN. Blue Trust Inc. grew its holdings in Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after buying an additional 354 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Urban Outfitters by 36.3% in 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 period. Asset Management One Co. Ltd. purchased a new stake in Urban Outfitters in the 3rd quarter worth about $47,000. Quarry LP lifted its stake in Urban Outfitters by 32.3% in 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 in the last quarter. Finally, KBC Group NV lifted its stake in Urban Outfitters by 39.8% in 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 in the last quarter. 77.61% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the sale, the director now directly owns 495,296 shares in the company, valued at $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 31.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on URBN shares. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, January 18th. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price objective on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Finally, Robert W. Baird raised their target price on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $53.64.

Urban Outfitters Stock Down 2.0 %

Shares of Urban Outfitters stock opened at $54.72 on Friday. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $60.90. The business has a fifty day simple moving average of $55.84 and a 200 day simple moving average of $44.93. The stock has a market cap of $5.05 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Analysts expect that Urban Outfitters, Inc. will post 3.91 EPS 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.