State of Alaska Department of Revenue Reduces Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

State of Alaska Department of Revenue reduced its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,513 shares of the apparel retailer’s stock after selling 783 shares during the quarter. State of Alaska Department of Revenue’s holdings in Urban Outfitters were worth $1,245,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP increased its stake in Urban Outfitters by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock valued at $93,956,000 after purchasing an additional 1,230,771 shares in the last quarter. Woodson Capital Management LP acquired a new position in shares of Urban Outfitters in the 1st quarter valued at $27,233,000. Vanguard Group Inc. raised its stake in Urban Outfitters by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock worth $349,736,000 after acquiring an additional 382,135 shares during the last quarter. American Century Companies Inc. lifted its position in Urban Outfitters by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after acquiring an additional 264,708 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in Urban Outfitters during the 2nd quarter valued at about $7,685,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Stock Performance

URBN opened at $35.69 on Monday. The company has a fifty day moving average of $36.58 and a two-hundred day moving average of $40.21. Urban Outfitters, Inc. has a fifty-two week low of $31.37 and a fifty-two week high of $48.90. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 0.87 and a beta of 1.50.

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

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 31.80% of the company’s stock.

Analyst Ratings Changes

URBN has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Telsey Advisory Group downgraded shares of Urban Outfitters from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $49.00 to $44.00 in a report on Thursday, August 22nd. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Barclays lowered their price target on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a report on Thursday, August 22nd. Finally, Morgan Stanley cut their price target on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.