Louisiana State Employees Retirement System Takes $1.01 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Louisiana State Employees Retirement System purchased a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 28,300 shares of the apparel retailer’s stock, valued at approximately $1,010,000.

A number of other institutional investors have also recently made changes to their positions in URBN. Castleview Partners LLC purchased a new stake in Urban Outfitters in the third quarter worth approximately $39,000. Neo Ivy Capital Management purchased a new stake in Urban Outfitters in the third quarter worth approximately $81,000. DekaBank Deutsche Girozentrale purchased a new stake in Urban Outfitters in the third quarter worth approximately $112,000. CI Investments Inc. purchased a new stake in Urban Outfitters in the third quarter worth approximately $159,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Urban Outfitters in the third quarter worth approximately $226,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters 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 sale, the insider now directly owns 2,878 shares in the company, valued at approximately $117,278.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Urban Outfitters 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 transaction, the insider now directly owns 2,878 shares of the company’s stock, valued at approximately $117,278.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Melanie Marein-Efron sold 6,000 shares of Urban Outfitters stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $40.72, for a total transaction of $244,320.00. Following the completion of the transaction, the chief financial officer now directly owns 908 shares of the company’s stock, valued at $36,973.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,473 shares of company stock worth $757,483. Insiders own 31.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on URBN shares. UBS Group raised their target price on shares of Urban Outfitters from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. decreased their price target 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. Jefferies Financial Group downgraded shares of Urban Outfitters from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $42.00 to $32.00 in a research report on Wednesday, April 17th. BMO Capital Markets increased their price target on shares of Urban Outfitters from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. Finally, Telsey Advisory Group increased their price target 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 investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.67.

Urban Outfitters Price Performance

Shares of URBN stock opened at $39.19 on Thursday. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.61 and a beta of 1.53. Urban Outfitters, Inc. has a one year low of $25.52 and a one year high of $47.29. The company’s fifty day moving average price is $41.67 and its 200-day moving average price is $38.28.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Equities research analysts expect that Urban Outfitters, Inc. will post 3.51 earnings per share for the current fiscal year.

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 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.