New York State Teachers Retirement System Sells 2,262 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

New York State Teachers Retirement System reduced its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,722 shares of the apparel retailer’s stock after selling 2,262 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of Urban Outfitters worth $3,381,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in URBN. JPMorgan Chase & Co. increased its position in Urban Outfitters by 10.2% during the 1st quarter. JPMorgan Chase & Co. now owns 334,511 shares of the apparel retailer’s stock valued at $8,400,000 after purchasing an additional 30,879 shares during the period. PNC Financial Services Group Inc. increased its position in Urban Outfitters by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 19,483 shares of the apparel retailer’s stock valued at $490,000 after purchasing an additional 625 shares during the period. Natixis Advisors L.P. purchased a new stake in shares of Urban Outfitters in the 1st quarter worth about $254,000. MetLife Investment Management LLC grew its position in shares of Urban Outfitters by 40.6% in the 1st quarter. MetLife Investment Management LLC now owns 78,323 shares of the apparel retailer’s stock worth $1,967,000 after buying an additional 22,600 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Urban Outfitters by 3.2% in the 1st quarter. Rhumbline Advisers now owns 192,880 shares of the apparel retailer’s stock worth $4,843,000 after buying an additional 5,917 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

URBN has been the topic of a number of recent research reports. Telsey Advisory Group upped their target price on shares of Urban Outfitters from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. UBS Group upped their target price on shares of Urban Outfitters from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. cut their price objective on shares of Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Finally, BMO Capital Markets increased their price objective on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Thursday, February 29th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.58.

Insider Buying and Selling at Urban Outfitters

In related news, insider Azeez Hayne sold 2,878 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $40.75, for a total value of $117,278.50. Following the completion of the transaction, the insider now directly owns 2,878 shares of the company’s stock, valued at $117,278.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Melanie Marein-Efron sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total value of $244,320.00. Following the completion of the transaction, the chief financial officer now directly owns 908 shares of the company’s stock, valued at $36,973.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Azeez Hayne sold 2,878 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the completion of the sale, the insider now owns 2,878 shares of the company’s stock, valued at $117,278.50. The disclosure for this sale can be found here. Insiders sold a total of 18,473 shares of company stock valued at $757,483 in the last three months. 31.80% of the stock is currently owned by corporate insiders.

Urban Outfitters Trading Down 1.4 %

NASDAQ URBN opened at $38.21 on Tuesday. Urban Outfitters, Inc. has a 12 month low of $25.52 and a 12 month high of $47.29. The company’s 50 day moving average is $42.17 and its two-hundred day moving average is $38.03. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.61 and a beta of 1.53.

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

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 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.