Canada Pension Plan Investment Board Has $17.30 Million Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Canada Pension Plan Investment Board grew its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 114.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,308 shares of the apparel retailer’s stock after buying an additional 168,008 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Urban Outfitters were worth $17,304,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of URBN. Geode Capital Management LLC raised its holdings in shares of Urban Outfitters by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after purchasing an additional 18,249 shares during the period. Friedenthal Financial acquired a new position in Urban Outfitters in the fourth quarter valued at approximately $765,000. Allspring Global Investments Holdings LLC lifted its position in shares of Urban Outfitters by 1,016.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer’s stock valued at $7,223,000 after acquiring an additional 119,820 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Urban Outfitters by 17,631.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer’s stock valued at $1,966,000 after purchasing an additional 35,615 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Urban Outfitters by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer’s stock worth $38,754,000 after buying an additional 51,657 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the sale, the director now directly owns 495,296 shares of the company’s stock, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Azeez Hayne sold 11,676 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. Insiders have sold 44,976 shares of company stock valued at $2,421,213 in the last three months. 31.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Citigroup decreased their price target on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. 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. Barclays lifted their target price on Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Finally, UBS Group raised their price objective on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Urban Outfitters has an average rating of “Hold” and a consensus target price of $55.18.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $49.48 on Monday. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $61.16. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 1.02 and a beta of 1.37. The stock’s 50 day simple moving average is $51.88 and its two-hundred day simple moving average is $49.01.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.15. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. On average, analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current 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.