Louisiana State Employees Retirement System Decreases Stake in Urban Outfitters, Inc. (NASDAQ:URBN)

Louisiana State Employees Retirement System lowered its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 2.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,500 shares of the apparel retailer’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Urban Outfitters were worth $1,389,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in URBN. Jones Financial Companies Lllp grew its stake in shares of Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 200 shares during the period. Xponance Inc. boosted its holdings in Urban Outfitters by 4.9% in the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer’s stock worth $251,000 after purchasing an additional 222 shares during the period. Natixis Advisors LLC raised its stake in shares of Urban Outfitters by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer’s stock valued at $847,000 after purchasing an additional 252 shares in the last quarter. GAMMA Investing LLC raised its position in Urban Outfitters by 34.7% in the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer’s stock worth $54,000 after acquiring an additional 263 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in Urban Outfitters by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer’s stock valued at $364,000 after acquiring an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Price Performance

URBN stock opened at $70.93 on Friday. The stock has a market capitalization of $6.36 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.17 and a beta of 1.44. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $75.80. The business has a fifty day moving average price of $68.88 and a 200-day moving average price of $58.68.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. Urban Outfitters had a return on equity of 17.98% and a net margin of 7.91%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on URBN. Citigroup lowered their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. upgraded Urban Outfitters from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $63.00 to $78.00 in a research report on Thursday, May 22nd. Bank of America increased their price target on Urban Outfitters from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. UBS Group raised their price objective on Urban Outfitters from $54.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, May 28th. Finally, Glj Research restated a “sell” rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.09.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, insider Azeez Hayne sold 12,856 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total transaction of $938,488.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Margaret Hayne sold 80,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $72.59, for a total value of $5,807,200.00. Following the sale, the insider directly owned 100 shares in the company, valued at $7,259. This trade represents a 99.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 159,156 shares of company stock valued at $11,636,158. Company insiders own 31.60% of the company’s stock.

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.