Maryland State Retirement & Pension System Has $1.04 Million Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Maryland State Retirement & Pension System lessened its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,952 shares of the apparel retailer’s stock after selling 287 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Urban Outfitters were worth $1,040,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its stake in Urban Outfitters by 1.1% during the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after purchasing an additional 31,100 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock valued at $120,122,000 after buying an additional 115,390 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after buying an additional 18,249 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 worth $64,482,000 after buying an additional 60,697 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in 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 acquiring an additional 859,886 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, March 1st. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. Robert W. Baird raised their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Finally, Bank of America increased their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $56.00.

Insiders Place Their Bets

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 55,000 shares of the company’s stock in a transaction on 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 approximately $29,245,063.76. This represents a 9.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the sale, the director now directly owns 15,450 shares of the company’s stock, valued at $902,898. This trade represents a 34.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,976 shares of company stock valued at $5,573,263 in the last 90 days. 31.80% of the stock is currently owned by insiders.

Urban Outfitters Trading Up 0.4 %

NASDAQ:URBN opened at $49.13 on Monday. The stock has a market capitalization of $4.53 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16. The firm has a 50 day moving average of $54.82 and a 200-day moving average of $47.12.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data 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. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. As a group, analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

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.