State of Alaska Department of Revenue Decreases Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

State of Alaska Department of Revenue decreased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,985 shares of the apparel retailer’s stock after selling 528 shares during the period. State of Alaska Department of Revenue’s holdings in Urban Outfitters were worth $1,755,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in URBN. Blue Trust Inc. increased its position in shares of Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the last quarter. GAMMA Investing LLC grew its stake 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 in the last quarter. Asset Management One Co. Ltd. purchased a new stake in Urban Outfitters during the 3rd quarter worth approximately $47,000. Quarry LP raised its position in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 298 shares in the last quarter. Finally, KBC Group NV boosted its stake 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 valued at $80,000 after buying an additional 594 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN opened at $55.54 on Wednesday. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $60.90. The business’s 50-day simple moving average is $55.12 and its 200-day simple moving average is $44.39. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.07 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The business’s revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the sale, the director now owns 510,296 shares in the company, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 31.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on URBN shares. Bank of America lifted their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. UBS Group boosted their price objective on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and increased their target price for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Urban Outfitters presently has a consensus rating of “Hold” and a consensus target price of $53.64.

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.