Ontario Teachers Pension Plan Board lowered its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 75.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,731 shares of the apparel retailer’s stock after selling 24,058 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Urban Outfitters were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Urban Outfitters by 3,059.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,003,171 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 971,424 shares during the period. Bessemer Group Inc. increased its stake in shares of Urban Outfitters by 105.5% in the fourth quarter. Bessemer Group Inc. now owns 972 shares of the apparel retailer’s stock valued at $32,000 after purchasing an additional 499 shares during the period. Parallel Advisors LLC increased its stake in shares of Urban Outfitters by 114.9% in the first quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 631 shares during the period. Signaturefd LLC increased its stake in shares of Urban Outfitters by 178.1% in the first quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock valued at $37,000 after purchasing an additional 789 shares during the period. Finally, Pearl River Capital LLC acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at approximately $40,000. Institutional investors own 73.59% of the company’s stock.

URBN has been the topic of several analyst reports. Zacks Investment Research lowered shares of Urban Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, February 12th. B. Riley decreased their price objective on shares of Urban Outfitters from $52.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, February 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $33.00 price objective (down from $35.00) on shares of Urban Outfitters in a report on Wednesday, March 6th. Royal Bank of Canada decreased their price objective on shares of Urban Outfitters from $35.00 to $29.00 and set a “market perform” rating for the company in a report on Wednesday, March 6th. Finally, Wells Fargo & Co decreased their price objective on shares of Urban Outfitters from $35.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, March 6th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Urban Outfitters presently has a consensus rating of “Hold” and an average price target of $38.04.

In related news, Director Joel S. Lawson III sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $29.31, for a total transaction of $293,100.00. Following the completion of the sale, the director now directly owns 17,000 shares in the company, valued at $498,270. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Azeez Hayne sold 10,300 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $33.63, for a total transaction of $346,389.00. Following the sale, the general counsel now owns 12,523 shares of the company’s stock, valued at $421,148.49. The disclosure for this sale can be found here. Insiders have sold 57,450 shares of company stock valued at $1,872,124 over the last 90 days. 24.80% of the stock is currently owned by insiders.

Shares of Urban Outfitters stock traded down $0.36 on Wednesday, hitting $22.61. The company had a trading volume of 83,493 shares, compared to its average volume of 2,951,997. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.76 and a quick ratio of 1.13. The stock has a market capitalization of $2.38 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.86 and a beta of 0.77. Urban Outfitters, Inc. has a 52 week low of $22.19 and a 52 week high of $52.50.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.05. The firm had revenue of $864.41 million during the quarter, compared to analysts’ expectations of $857.31 million. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.07%. During the same period last year, the firm posted $0.38 earnings per share. On average, analysts forecast that Urban Outfitters, Inc. will post 2.43 earnings per share for the current fiscal year.

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About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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 casual 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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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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