New York State Teachers Retirement System Lowers Position in Urban Outfitters, Inc. (NASDAQ:URBN)

New York State Teachers Retirement System trimmed its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,722 shares of the apparel retailer’s stock after selling 2,262 shares during the quarter. New York State Teachers Retirement System’s holdings in Urban Outfitters were worth $3,381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in shares of Urban Outfitters by 148.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 916 shares during the period. Point72 Asset Management L.P. purchased a new stake in Urban Outfitters during the second quarter worth approximately $33,000. Castleview Partners LLC purchased a new stake in Urban Outfitters during the third quarter worth approximately $39,000. Lazard Asset Management LLC purchased a new stake in Urban Outfitters during the second quarter worth approximately $52,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in Urban Outfitters by 20.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,374 shares of the apparel retailer’s stock worth $57,000 after purchasing an additional 400 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Trading Down 1.4 %

NASDAQ:URBN opened at $38.21 on Tuesday. The stock’s 50 day simple moving average is $42.17 and its 200-day simple moving average is $38.03. Urban Outfitters, Inc. has a 12-month low of $25.52 and a 12-month high of $47.29. The firm has a market cap of $3.56 billion, a P/E ratio of 12.57, a PEG ratio of 0.61 and a beta of 1.53.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company earned $0.39 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Research analysts forecast that Urban Outfitters, Inc. will post 3.53 EPS for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 6,250 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total transaction of $254,625.00. Following the sale, the chief executive officer now directly owns 6,353 shares in the company, valued at $258,821.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Azeez Hayne sold 2,878 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the sale, the insider now directly owns 2,878 shares in the company, valued at $117,278.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tricia D. Smith sold 6,250 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total value of $254,625.00. Following the completion of the sale, the chief executive officer now owns 6,353 shares in the company, valued at $258,821.22. The disclosure for this sale can be found here. Insiders have sold 18,473 shares of company stock valued at $757,483 over the last quarter. Company insiders own 31.80% of the company’s stock.

Analysts Set New Price Targets

URBN has been the subject of several recent analyst reports. Telsey Advisory Group boosted their target price on Urban Outfitters from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. BMO Capital Markets lifted their price target on Urban Outfitters from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. UBS Group lifted their price target on Urban Outfitters from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. cut their price target on Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.58.

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 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 apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.