Public Employees Retirement Association of Colorado Decreases Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Public Employees Retirement Association of Colorado reduced its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 12.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,553 shares of the apparel retailer’s stock after selling 932 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Urban Outfitters were worth $269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Urban Outfitters during the fourth quarter worth approximately $16,314,000. Parallel Advisors LLC increased its position in Urban Outfitters by 89.7% during the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 417 shares during the last quarter. TFO Wealth Partners LLC raised its stake in Urban Outfitters by 26,563.2% during the fourth quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock worth $178,000 after purchasing an additional 5,047 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Urban Outfitters by 82.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock valued at $37,101,000 after buying an additional 470,323 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Urban Outfitters by 9.6% during the 4th quarter. Vanguard Group Inc. now owns 7,672,586 shares of the apparel retailer’s stock worth $273,835,000 after buying an additional 674,790 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $38.32 on Friday. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 0.93 and a beta of 1.50. The business has a 50-day moving average of $39.40 and a 200 day moving average of $41.10. Urban Outfitters, Inc. has a 12 month low of $30.67 and a 12 month high of $48.90.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.00 by $0.24. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $1.10 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Urban Outfitters, Inc. will post 3.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. Following the completion of the transaction, the director now owns 565,296 shares in the company, valued at approximately $27,303,796.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The disclosure for this sale can be found here. Insiders own 31.80% of the company’s stock.

Analysts Set New Price Targets

URBN has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price objective on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Telsey Advisory Group lowered Urban Outfitters from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $49.00 to $44.00 in a research note on Thursday, August 22nd. BMO Capital Markets cut their price objective on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. Bank of America reduced their price objective on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Finally, Jefferies Financial Group lowered their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and an average price target of $42.30.

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.