Urban Outfitters, Inc. (NASDAQ:URBN) Position Reduced by Arizona State Retirement System

Arizona State Retirement System decreased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,857 shares of the apparel retailer’s stock after selling 299 shares during the period. Arizona State Retirement System’s holdings in Urban Outfitters were worth $602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. bought a new stake in Urban Outfitters during the fourth quarter worth approximately $1,151,000. Diversified Trust Co increased its holdings in shares of Urban Outfitters by 35.2% in the fourth quarter. Diversified Trust Co now owns 14,272 shares of the apparel retailer’s stock valued at $509,000 after buying an additional 3,719 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Urban Outfitters by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,997,796 shares of the apparel retailer’s stock valued at $228,758,000 after buying an additional 159,644 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Urban Outfitters in the third quarter valued at $2,245,000. Finally, American Century Companies Inc. increased its holdings in shares of Urban Outfitters by 25.4% in the third quarter. American Century Companies Inc. now owns 940,165 shares of the apparel retailer’s stock valued at $30,734,000 after buying an additional 190,677 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Down 0.1 %

Urban Outfitters stock opened at $36.98 on Friday. The company’s fifty day simple moving average is $41.84 and its 200-day simple moving average is $38.08. Urban Outfitters, Inc. has a 12 month low of $25.52 and a 12 month high of $47.29. The stock has a market cap of $3.45 billion, a P/E ratio of 12.16, a P/E/G ratio of 0.58 and a beta of 1.53.

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

Insider Activity

In other news, CFO Melanie Marein-Efron sold 6,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total transaction of $244,320.00. Following the transaction, the chief financial officer now directly owns 908 shares in the company, valued at approximately $36,973.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Azeez Hayne sold 2,878 shares of Urban Outfitters stock in a transaction on Monday, March 11th. The shares were sold at an average price of $40.75, for a total value of $117,278.50. Following the completion of the sale, the insider now owns 2,878 shares of the company’s stock, valued at approximately $117,278.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Melanie Marein-Efron sold 6,000 shares of Urban Outfitters stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total transaction of $244,320.00. Following the completion of the sale, the chief financial officer now directly owns 908 shares of the company’s stock, valued at approximately $36,973.76. The disclosure for this sale can be found here. Insiders have sold a total of 18,473 shares of company stock worth $757,483 in the last ninety days. Corporate insiders own 31.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. BMO Capital Markets upped their price target on Urban Outfitters from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Jefferies Financial Group cut Urban Outfitters from a “hold” rating to an “underperform” rating and dropped their price target for the company from $42.00 to $32.00 in a report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Finally, Telsey Advisory Group lifted their price objective on shares of Urban Outfitters from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Urban Outfitters has an average rating of “Hold” and an average target price of $39.67.

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 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.