Urban Outfitters, Inc. (NASDAQ:URBN) Stock Holdings Trimmed by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Urban Outfitters, Inc. (NASDAQ:URBNGet Rating) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 108,296 shares of the apparel retailer’s stock after selling 843 shares during the quarter. New York State Teachers Retirement System owned 0.12% of Urban Outfitters worth $2,128,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Peregrine Capital Management LLC grew its position in Urban Outfitters by 21.1% in the 3rd quarter. Peregrine Capital Management LLC now owns 455,590 shares of the apparel retailer’s stock valued at $8,952,000 after buying an additional 79,430 shares in the last quarter. Wipfli Financial Advisors LLC bought a new position in shares of Urban Outfitters in the third quarter valued at approximately $40,000. Louisiana State Employees Retirement System acquired a new position in shares of Urban Outfitters during the third quarter valued at approximately $566,000. Everence Capital Management Inc. bought a new stake in Urban Outfitters during the third quarter worth approximately $211,000. Finally, Hussman Strategic Advisors Inc. lifted its position in Urban Outfitters by 50.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 78,000 shares of the apparel retailer’s stock worth $1,455,000 after purchasing an additional 26,000 shares during the period. 77.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Urban Outfitters news, insider Azeez Hayne sold 4,095 shares of Urban Outfitters stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $25.02, for a total transaction of $102,456.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Urban Outfitters news, insider Azeez Hayne sold 4,095 shares of Urban Outfitters stock in a transaction on Monday, November 14th. The shares were sold at an average price of $25.02, for a total transaction of $102,456.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Frank Conforti sold 10,000 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer now directly owns 25,960 shares in the company, valued at $649,000. The disclosure for this sale can be found here. Corporate insiders own 28.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on URBN shares. UBS Group set a $25.00 price target on Urban Outfitters in a research report on Wednesday, November 23rd. Wells Fargo & Company boosted their price target on shares of Urban Outfitters from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 22nd. Citigroup raised their price objective on shares of Urban Outfitters from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 22nd. TheStreet downgraded shares of Urban Outfitters from a “b-” rating to a “c” rating in a report on Thursday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Urban Outfitters from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Wednesday, January 11th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.64.

Urban Outfitters Price Performance

URBN stock opened at $27.62 on Wednesday. The firm has a market capitalization of $2.55 billion, a P/E ratio of 15.52, a P/E/G ratio of 0.90 and a beta of 1.41. Urban Outfitters, Inc. has a 52-week low of $17.81 and a 52-week high of $30.52. The company’s 50 day simple moving average is $26.44 and its 200-day simple moving average is $23.25.

Urban Outfitters (NASDAQ:URBNGet Rating) last announced its earnings results on Monday, November 21st. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Urban Outfitters had a net margin of 3.57% and a return on equity of 9.83%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm earned $0.89 earnings per share. Urban Outfitters’s revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts predict that Urban Outfitters, Inc. will post 1.75 EPS for the current fiscal year.

Urban Outfitters Profile

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Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

Further Reading

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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