Canada Pension Plan Investment Board Buys 168,008 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Canada Pension Plan Investment Board lifted its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 114.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 315,308 shares of the apparel retailer's stock after buying an additional 168,008 shares during the period. Canada Pension Plan Investment Board owned about 0.34% of Urban Outfitters worth $17,304,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Urban Outfitters by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock worth $42,000 after buying an additional 202 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Urban Outfitters by 315.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer's stock valued at $82,000 after buying an additional 1,125 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Urban Outfitters by 38.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock worth $95,000 after acquiring an additional 470 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Urban Outfitters by 10.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer's stock worth $146,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Insider Buying and Selling

In other news, CEO Tricia D. Smith sold 10,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total transaction of $539,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,601 shares of the company's stock, valued at $679,697.94. This represents a 44.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Azeez Hayne sold 11,676 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total value of $639,261.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,976 shares of company stock valued at $1,663,713. Company insiders own 31.80% of the company's stock.

Urban Outfitters Stock Performance

NASDAQ:URBN traded up $0.57 on Friday, reaching $51.41. The company's stock had a trading volume of 1,410,755 shares, compared to its average volume of 1,876,335. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The business's 50-day moving average price is $51.25 and its two-hundred day moving average price is $49.30. The firm has a market cap of $4.76 billion, a PE ratio of 14.73, a PEG ratio of 1.02 and a beta of 1.37.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. As a group, sell-side analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

URBN has been the topic of a number of research analyst reports. Robert W. Baird increased their price target on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Telsey Advisory Group increased their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Morgan Stanley raised Urban Outfitters from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their price objective on Urban Outfitters from $60.00 to $65.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Finally, Citigroup dropped their target price on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $55.18.

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.