The Florida Retirement System Trustee increased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN – free report ) by 32.7% in the first quarter, according to the latest filing with the SEC. The institutional investor bought an additional 5,960 shares during the quarter, bringing its holdings to 24,186 shares of the apparel retailer. The Florida Retirement System Trustee’s holdings of Urban Outfitters stock were worth $1.05 million at the end of the most recent quarter.
A number of other institutional investors and hedge funds are also buying and selling shares of URBN. Vanguard Group increased its holdings in Urban Outfitters by 2.3% in the third quarter. The firm now owns 6,997,796 shares of the apparel retailer, valued at $228,758,000. It purchased an additional 159,644 shares in the last quarter. Raymond James Financial Services Advisors purchased a new stake in Urban Outfitters in the fourth quarter, valued at approximately $1,151,000. Allspring Global Investments Holdings increased its holdings in Urban Outfitters by 5.6% in the fourth quarter. Allspring Global Investments Holdings now owns 11,713 shares of the apparel retailer, valued at $418,000, after purchasing an additional 621 shares in the last quarter. Louisiana State Employees Retirement System acquired new shares in Urban Outfitters during the fourth quarter worth approximately $1,010,000. Finally, Cantonal Bank of Zurich increased its stake in Urban Outfitters by 25.3% during the fourth quarter. Cantonal Bank of Zurich now owns 13,985 shares of the apparel retailer’s stock, valued at $499,000, after purchasing an additional 2,828 shares in the last quarter. 77.61% of the stock is now held by institutional investors.
Analyst upgrades and downgrades
A number of analysts have recently commented on the stock. Jefferies Financial Group increased their price target on Urban Outfitters from $32.00 to $35.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 22nd. Morgan Stanley increased their price target on Urban Outfitters from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 23rd. Telsey Advisory Group increased their price target on Urban Outfitters from $48.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, Barclays increased their price objective on Urban Outfitters from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, eight have rated it with a hold rating, and three have rated it with a buy rating. According to MarketBeat.com, the stock currently has an average rating of “hold” and an average price target of $43.18.
Check out our latest analysis for Urban Outfitters
Urban Outfitters Price Performance
Shares of NASDAQ:URBN opened trading at $45.20 on Friday. Urban Outfitters, Inc. has a one-year low of $30.05 and a one-year high of $48.90. The company has a market cap of $4.22 billion, a P/E ratio of 14.44, a P/G ratio of 1.10 and a beta of 1.51. The company’s 50-day simple moving average is $43.46 and its 200-day simple moving average is $41.79.
Urban Outfitters (NASDAQ:URBN – Get free report ) announced its quarterly earnings on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share for the quarter, beating market expectations of $0.49 by $0.20. Urban Outfitters had a net margin of 5.66%, and a return on equity of 15.36%. The business had quarterly revenue of $1.2 billion, compared to market expectations of $1.18 billion. In the same period last year, the company posted earnings per share of $0.56. The company’s quarterly revenue increased 8.1% year over year. On average, sell-side analysts expect Urban Outfitters to post earnings per share of $3.57 for the current fiscal year.
Insider Trading at Urban Outfitters
In other Urban Outfitters news, insider Azeez Hayne sold 13,967 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total transaction value of $583,541.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Azeez Hayne sold 13,967 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total transaction value of $583,541.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director, Harry S. Chelken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction value of $241,500.00. Following the sale, the director now owns 565,296 shares of the company’s stock, valued at approximately $27,303,796.80. The disclosure for this sale can be found here. Insiders now own 31.80% of the company’s stock.
Urban Outfitters Profile
(Free report)
Urban Outfitters, Inc. is a retail and wholesale consumer goods company. It operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women’s and men’s fashion apparel, activewear, innerwear, footwear, accessories, home goods, electronics, and beauty products to young people ages 18-28, and Anthropologie stores, which offer women’s apparel, accessories, innerwear, shoes, home furnishings, as well as gifts, decor, and beauty and health products to women ages 28-45.
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