Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,196 shares of the apparel retailer’s stock after selling 204 shares during the period. Arizona State Retirement System’s holdings in Urban Outfitters were worth $901,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC raised its holdings in Urban Outfitters by 2,893.8% in the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 463 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Urban Outfitters in the 1st quarter valued at approximately $52,000. GAMMA Investing LLC raised its holdings in shares of Urban Outfitters by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer’s stock valued at $54,000 after purchasing an additional 263 shares in the last quarter. Covestor Ltd lifted its position in shares of Urban Outfitters by 159.5% during the 4th quarter. Covestor Ltd now owns 2,753 shares of the apparel retailer’s stock worth $151,000 after purchasing an additional 1,692 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Urban Outfitters during the 4th quarter worth $173,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on URBN shares. Telsey Advisory Group restated a “market perform” rating and set a $72.00 price objective on shares of Urban Outfitters in a research report on Wednesday, June 11th. Citigroup reduced their price target on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Glj Research reaffirmed a “sell” rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Jefferies Financial Group raised Urban Outfitters from an “underperform” rating to a “hold” rating and boosted their target price for the company from $50.00 to $70.00 in a report on Friday, June 6th. Finally, Barclays upped their target price on Urban Outfitters from $59.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.09.

Insider Transactions at Urban Outfitters

In other news, Director Kotzman Kelly Campbell sold 6,800 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $75.10, for a total transaction of $510,680.00. Following the completion of the sale, the director directly owned 4,750 shares of the company’s stock, valued at $356,725. This represents a 58.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $74.15, for a total value of $2,595,250.00. Following the completion of the sale, the director directly owned 480,296 shares of the company’s stock, valued at approximately $35,613,948.40. This represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 159,156 shares of company stock valued at $11,636,158 in the last 90 days. 31.80% of the stock is owned by corporate insiders.

Urban Outfitters Trading Up 1.7%

Shares of NASDAQ URBN opened at $72.14 on Monday. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $75.80. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The stock’s 50 day simple moving average is $69.29 and its 200 day simple moving average is $58.84.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a return on equity of 17.98% and a net margin of 7.91%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. As a group, equities analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

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.