Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in Urban Outfitters, Inc. (NASDAQ:URBN – Free Report) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,439 shares of the apparel retailer’s stock after selling 682 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.07% of Urban Outfitters worth $1,759,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors boosted its position in shares of Urban Outfitters by 148.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 916 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Urban Outfitters by 27.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,360 shares of the apparel retailer’s stock valued at $56,000 after purchasing an additional 505 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Urban Outfitters by 20.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,374 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 400 shares during the period. Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in Urban Outfitters during the 1st quarter worth approximately $216,000. Finally, Virtu Financial LLC acquired a new stake in Urban Outfitters during the 1st quarter worth approximately $202,000. 73.08% of the stock is owned by institutional investors and hedge funds.
Urban Outfitters Price Performance
NASDAQ URBN opened at $35.74 on Friday. Urban Outfitters, Inc. has a 1-year low of $18.75 and a 1-year high of $37.81. The company has a market capitalization of $3.31 billion, a P/E ratio of 18.42, a PEG ratio of 0.60 and a beta of 1.51. The business has a 50 day moving average price of $34.42 and a 200 day moving average price of $30.02.
Analyst Upgrades and Downgrades
URBN has been the subject of a number of recent research reports. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $27.00 to $41.00 in a research report on Monday, June 12th. Barclays increased their price objective on Urban Outfitters from $38.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 1st. Wells Fargo & Company increased their price objective on Urban Outfitters from $25.00 to $30.00 in a research report on Wednesday, May 24th. BMO Capital Markets increased their price objective on Urban Outfitters from $25.00 to $31.00 in a research report on Wednesday, May 24th. Finally, Telsey Advisory Group increased their price objective on Urban Outfitters from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $33.82.
Check Out Our Latest Stock Analysis on Urban Outfitters
Insider Activity at Urban Outfitters
In other Urban Outfitters news, Director Todd R. Morgenfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $32.58, for a total transaction of $162,900.00. Following the completion of the transaction, the director now owns 19,000 shares of the company’s stock, valued at $619,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Urban Outfitters news, CFO Melanie Marein-Efron sold 16,036 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $31.24, for a total transaction of $500,964.64. Following the completion of the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $31,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Todd R. Morgenfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $32.58, for a total value of $162,900.00. Following the transaction, the director now directly owns 19,000 shares of the company’s stock, valued at approximately $619,020. The disclosure for this sale can be found here. 31.90% of the stock is currently owned by company insiders.
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 Nully. 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.
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