Public Employees Retirement System of Ohio Raises Position in Urban Outfitters, Inc. $URBN

Public Employees Retirement System of Ohio raised its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,394 shares of the apparel retailer’s stock after purchasing an additional 1,923 shares during the period. Public Employees Retirement System of Ohio owned 0.07% of Urban Outfitters worth $4,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Diversified Trust Co lifted its holdings in shares of Urban Outfitters by 0.9% in the second quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer’s stock valued at $1,429,000 after purchasing an additional 185 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Urban Outfitters by 2.0% in the first quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer’s stock valued at $545,000 after purchasing an additional 203 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Urban Outfitters by 4.9% in the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer’s stock valued at $251,000 after purchasing an additional 222 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Urban Outfitters by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer’s stock valued at $1,011,000 after purchasing an additional 228 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Urban Outfitters by 16.4% in the first quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer’s stock valued at $97,000 after purchasing an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on URBN. Morgan Stanley upped their price target on shares of Urban Outfitters from $82.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Robert W. Baird raised shares of Urban Outfitters from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, June 11th. Wells Fargo & Company boosted their price objective on shares of Urban Outfitters from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, August 28th. Barclays reissued an “overweight” rating and issued a $89.00 price objective on shares of Urban Outfitters in a research report on Friday, August 29th. Finally, Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $72.00 to $80.00 and gave the company a “market perform” rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Urban Outfitters currently has an average rating of “Hold” and an average price target of $81.91.

Urban Outfitters Stock Down 1.0%

Urban Outfitters stock opened at $72.25 on Tuesday. Urban Outfitters, Inc. has a 52-week low of $34.76 and a 52-week high of $80.71. The firm has a fifty day moving average of $73.90 and a 200-day moving average of $65.34. The firm has a market capitalization of $6.48 billion, a P/E ratio of 14.11, a PEG ratio of 1.16 and a beta of 1.29.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.14. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share. On average, research analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, Director Mary Egan sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of the transaction, the director directly owned 14,250 shares in the company, valued at approximately $999,210. This represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 31.80% of the company’s stock.

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.