Public Sector Pension Investment Board Sells 3,900 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Public Sector Pension Investment Board reduced its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,901 shares of the apparel retailer’s stock after selling 3,900 shares during the quarter. Public Sector Pension Investment Board’s holdings in Urban Outfitters were worth $4,632,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of URBN. Blue Trust Inc. boosted its holdings in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the period. Quarry LP boosted its stake in shares of Urban Outfitters by 1,825.0% during the second quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 876 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of Urban Outfitters in the second quarter worth approximately $42,000. Meeder Asset Management Inc. purchased a new position in shares of Urban Outfitters in the second quarter worth $48,000. Finally, Asset Management One Co. Ltd. bought a new stake in Urban Outfitters during the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

URBN has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Telsey Advisory Group increased their price objective on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Bank of America boosted their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Jefferies Financial Group cut their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Finally, Barclays upped their price objective on shares of Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.27.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $48.73 on Monday. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $49.48. The company has a market capitalization of $4.50 billion, a PE ratio of 13.96, a P/E/G ratio of 1.10 and a beta of 1.50. The firm’s 50-day moving average price is $37.88 and its 200-day moving average price is $40.20.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.28. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. Equities analysts anticipate that Urban Outfitters, Inc. will post 3.79 EPS for the current fiscal year.

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.