Arizona State Retirement System Decreases Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Arizona State Retirement System decreased its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 1.7% during the 4th quarter, according to its most recent 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 quarter. Arizona State Retirement System’s holdings in Urban Outfitters were worth $602,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of URBN. BlackRock Inc. boosted its stake in shares of Urban Outfitters by 21.4% during the 1st quarter. BlackRock Inc. now owns 12,133,038 shares of the apparel retailer’s stock worth $336,328,000 after acquiring an additional 2,138,104 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Urban Outfitters in the 1st quarter valued at approximately $39,144,000. Arrowstreet Capital Limited Partnership lifted its stake in Urban Outfitters by 165.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,740,106 shares of the apparel retailer’s stock valued at $48,236,000 after buying an additional 1,083,423 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in Urban Outfitters by 239.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,217,724 shares of the apparel retailer’s stock valued at $29,043,000 after buying an additional 858,886 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Urban Outfitters by 368.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 734,166 shares of the apparel retailer’s stock valued at $24,323,000 after buying an additional 577,291 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Insider Transactions at Urban Outfitters

In other news, CEO Tricia D. Smith sold 6,250 shares of the company’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 completion of the sale, the chief executive officer now directly owns 6,353 shares in the company, valued at approximately $258,821.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Melanie Marein-Efron sold 6,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $40.72, for a total value of $244,320.00. Following the completion of the sale, the chief financial officer now directly owns 908 shares in the company, valued at approximately $36,973.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 6,250 shares of the 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 of the company’s stock, valued at $258,821.22. The disclosure for this sale can be found here. Insiders sold a total of 18,473 shares of company stock worth $757,483 in the last ninety days. Insiders own 31.80% of the company’s stock.

Analyst Ratings Changes

URBN has been the topic of a number of recent research reports. UBS Group upped their target price on Urban Outfitters from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, March 5th. BMO Capital Markets upped their target price on Urban Outfitters from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Thursday, February 29th. Telsey Advisory Group boosted their price target on Urban Outfitters from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Jefferies Financial Group downgraded Urban Outfitters from a “hold” rating to an “underperform” rating and cut their price target for the company from $42.00 to $32.00 in a report on Wednesday. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.67.

Urban Outfitters Stock Down 0.1 %

URBN stock opened at $36.98 on Friday. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.58 and a beta of 1.53. The business has a fifty day simple moving average of $41.84 and a 200-day simple moving average of $38.08. Urban Outfitters, Inc. has a 52 week low of $25.52 and a 52 week high of $47.29.

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

Urban Outfitters Company 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.