Maryland State Retirement & Pension System Sells 8,879 Shares of Urban Outfitters, Inc. $URBN

Maryland State Retirement & Pension System decreased its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 53.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,732 shares of the apparel retailer’s stock after selling 8,879 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Urban Outfitters were worth $552,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of URBN. American Century Companies Inc. lifted its holdings in Urban Outfitters by 0.7% during the 2nd quarter. American Century Companies Inc. now owns 2,338,215 shares of the apparel retailer’s stock worth $169,614,000 after buying an additional 15,689 shares during the period. Geode Capital Management LLC lifted its stake in shares of Urban Outfitters by 0.9% in the second quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock worth $110,646,000 after acquiring an additional 12,965 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Urban Outfitters by 59.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock valued at $93,366,000 after acquiring an additional 477,909 shares during the last quarter. Norges Bank acquired a new stake in Urban Outfitters during the 2nd quarter valued at approximately $55,429,000. Finally, Marshall Wace LLP increased its position in Urban Outfitters by 150.5% during the 2nd quarter. Marshall Wace LLP now owns 617,527 shares of the apparel retailer’s stock valued at $44,795,000 after purchasing an additional 371,058 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Price Performance

URBN stock opened at $69.55 on Friday. The company’s 50-day moving average is $74.49 and its 200-day moving average is $72.39. The stock has a market capitalization of $6.24 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.09 and a beta of 1.23. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $84.35.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on URBN shares. JPMorgan Chase & Co. dropped their price target on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday. Barclays boosted their target price on shares of Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Morgan Stanley increased their price target on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Finally, Wells Fargo & Company boosted their price objective on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $86.67.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $70.46, for a total transaction of $751,596.82. Following the completion of the sale, the chief executive officer owned 17,633,260 shares in the company, valued at approximately $1,242,439,499.60. The trade was a 0.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Margaret Hayne sold 9,333 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $70.46, for a total transaction of $657,603.18. Following the transaction, the insider owned 2,094,734 shares in the company, valued at approximately $147,594,957.64. The trade was a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 469,333 shares of company stock valued at $36,157,534. Corporate insiders own 31.60% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.