Louisiana State Employees Retirement System Makes New Investment in Urban Outfitters, Inc. (NASDAQ:URBN)

Louisiana State Employees Retirement System purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,300 shares of the apparel retailer’s stock, valued at approximately $1,010,000.

A number of other large investors have also bought and sold shares of the stock. Oliver Luxxe Assets LLC grew its holdings in Urban Outfitters by 3.3% in the third quarter. Oliver Luxxe Assets LLC now owns 15,900 shares of the apparel retailer’s stock worth $520,000 after purchasing an additional 514 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Urban Outfitters by 5.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,713 shares of the apparel retailer’s stock worth $418,000 after purchasing an additional 621 shares during the period. TD Asset Management Inc grew its holdings in Urban Outfitters by 18.8% in the third quarter. TD Asset Management Inc now owns 7,600 shares of the apparel retailer’s stock worth $248,000 after purchasing an additional 1,200 shares during the period. Castleview Partners LLC acquired a new stake in Urban Outfitters in the third quarter worth $39,000. Finally, Corton Capital Inc. grew its holdings in Urban Outfitters by 22.3% in the third quarter. Corton Capital Inc. now owns 8,492 shares of the apparel retailer’s stock worth $278,000 after purchasing an additional 1,549 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on URBN shares. Telsey Advisory Group lifted their price objective on shares of Urban Outfitters from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Jefferies Financial Group cut shares of Urban Outfitters from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $42.00 to $32.00 in a report on Wednesday, April 17th. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, March 1st. JPMorgan Chase & Co. reduced their price objective on shares of Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Finally, UBS Group lifted their price objective on shares of Urban Outfitters from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.67.

Urban Outfitters Stock Down 0.4 %

URBN opened at $39.19 on Thursday. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.61 and a beta of 1.53. Urban Outfitters, Inc. has a twelve month low of $25.52 and a twelve month high of $47.29. The company’s 50-day moving average price is $41.67 and its two-hundred day moving average price is $38.28.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Urban Outfitters had a net margin of 5.58% and a return on equity of 15.32%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.51 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 3,345 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $42.23, for a total value of $141,259.35. Following the transaction, the chief financial officer now directly owns 6,908 shares in the company, valued at $291,724.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Melanie Marein-Efron sold 3,345 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $42.23, for a total transaction of $141,259.35. Following the sale, the chief financial officer now directly owns 6,908 shares in the company, valued at approximately $291,724.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Azeez Hayne sold 2,878 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $40.75, for a total transaction of $117,278.50. Following the sale, the insider now owns 2,878 shares in the company, valued at $117,278.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,473 shares of company stock worth $757,483 over the last three months. 31.80% of the stock is currently owned by insiders.

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.