Urban Outfitters, Inc. $URBN Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 26.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,839 shares of the apparel retailer’s stock after selling 23,387 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Urban Outfitters were worth $4,776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of URBN. HighTower Advisors LLC purchased a new stake in shares of Urban Outfitters in the 1st quarter valued at approximately $241,000. Bank of Montreal Can boosted its position in shares of Urban Outfitters by 134.9% during the 2nd quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock worth $1,502,000 after purchasing an additional 11,894 shares during the period. FORA Capital LLC increased its holdings in Urban Outfitters by 88.9% in the 1st quarter. FORA Capital LLC now owns 8,566 shares of the apparel retailer’s stock valued at $449,000 after purchasing an additional 4,032 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in Urban Outfitters in the first quarter valued at approximately $1,253,000. Finally, Jupiter Asset Management Ltd. purchased a new stake in Urban Outfitters in the second quarter valued at approximately $7,036,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on URBN shares. Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Morgan Stanley lifted their target price on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Barclays increased their price target on shares of Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Finally, Wells Fargo & Company lifted their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters has an average rating of “Moderate Buy” and an average price target of $86.50.

Insider Activity at Urban Outfitters

In related news, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $70.46, for a total value of $751,596.82. Following the transaction, the chief executive officer owned 18,027,939 shares of the company’s stock, valued at $1,270,248,581.94. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 212,733 shares of company stock worth $16,213,152 in the last three months. Insiders own 31.60% of the company’s stock.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $80.91 on Thursday. The business has a 50-day simple moving average of $69.37 and a 200-day simple moving average of $71.42. Urban Outfitters, Inc. has a one year low of $41.89 and a one year high of $83.94. The company has a market cap of $7.26 billion, a PE ratio of 15.27, a P/E/G ratio of 1.23 and a beta of 1.20.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The company had revenue of $1.53 billion during the quarter. On average, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Urban Outfitters 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.