Urban Outfitters, Inc. (NASDAQ:URBN) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 98.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,035 shares of the apparel retailer’s stock after buying an additional 38,713 shares during the period. Teacher Retirement System of Texas owned 0.08% of Urban Outfitters worth $4,283,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in URBN. State Street Corp boosted its position in shares of Urban Outfitters by 1.1% during the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock worth $107,244,000 after buying an additional 31,100 shares during the period. Fisher Asset Management LLC boosted its position in Urban Outfitters by 5.6% during the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock worth $120,122,000 after acquiring an additional 115,390 shares during the period. Geode Capital Management LLC grew its stake in shares of Urban Outfitters by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after purchasing an additional 18,249 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Urban Outfitters by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer’s stock valued at $64,482,000 after purchasing an additional 60,697 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in shares of Urban Outfitters by 5,565.6% during the fourth quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer’s stock valued at $48,038,000 after purchasing an additional 859,886 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Insider Activity

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the transaction, the director now owns 510,296 shares of the company’s stock, valued at $29,245,063.76. The trade was a 9.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Azeez Hayne sold 11,676 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.75, for a total transaction of $639,261.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,976 shares of company stock worth $5,573,263. 31.80% of the stock is owned by corporate insiders.

Urban Outfitters Price Performance

Urban Outfitters stock opened at $53.58 on Tuesday. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $61.16. The firm’s 50 day simple moving average is $54.78 and its 200-day simple moving average is $47.24. The company has a market cap of $4.94 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. On average, analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group increased their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Barclays raised their price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Wells Fargo & Company upped their target price on Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $56.00.

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 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.