Public Sector Pension Investment Board Sells 3,900 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Public Sector Pension Investment Board reduced its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 3.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 120,901 shares of the apparel retailer’s stock after selling 3,900 shares during the period. Public Sector Pension Investment Board owned about 0.13% of Urban Outfitters worth $4,632,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares during the period. Quarry LP lifted its position in shares of Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Urban Outfitters in the 2nd quarter worth about $42,000. Asset Management One Co. Ltd. purchased a new stake in Urban Outfitters in the 3rd quarter worth about $47,000. Finally, Meeder Asset Management Inc. bought a new stake in Urban Outfitters in the 2nd quarter valued at about $48,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Thursday. Telsey Advisory Group increased their target price on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Jefferies Financial Group reduced their price target on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. Finally, Bank of America increased their price objective on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $46.27.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 31.80% of the stock is owned by insiders.

Urban Outfitters Trading Up 2.6 %

Shares of URBN opened at $48.73 on Monday. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $49.48. The company has a market cap of $4.50 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.10 and a beta of 1.50. The stock has a 50-day moving average price of $37.88 and a 200-day moving average price of $40.20.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.28. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. As a group, analysts predict that Urban Outfitters, Inc. will post 3.79 earnings per share for the current year.

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.