Teacher Retirement System of Texas Reduces Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Teacher Retirement System of Texas lessened its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,949 shares of the apparel retailer's stock after selling 24,086 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of Urban Outfitters worth $2,827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund grew its holdings in shares of Urban Outfitters by 8.3% during the first quarter. Illinois Municipal Retirement Fund now owns 31,043 shares of the apparel retailer's stock worth $1,627,000 after buying an additional 2,385 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Urban Outfitters by 4.0% during the first quarter. Diversified Trust Co now owns 19,517 shares of the apparel retailer's stock worth $1,023,000 after buying an additional 752 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Urban Outfitters during the first quarter worth $1,677,000. Janney Montgomery Scott LLC purchased a new stake in shares of Urban Outfitters in the first quarter valued at about $1,094,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Urban Outfitters in the first quarter valued at about $52,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Morgan Stanley upped their price objective on shares of Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 22nd. Baird R W raised shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $72.00 target price on shares of Urban Outfitters in a research report on Wednesday, June 11th. Finally, UBS Group upped their target price on shares of Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Urban Outfitters presently has an average rating of "Moderate Buy" and a consensus target price of $74.09.

Insider Activity

In related news, CFO Melanie Marein-Efron sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $73.36, for a total transaction of $1,467,200.00. Following the sale, the chief financial officer directly owned 5,036 shares in the company, valued at approximately $369,440.96. This represents a 79.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Azeez Hayne sold 12,856 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total transaction of $938,488.00. The disclosure for this sale can be found here. In the last three months, insiders sold 159,156 shares of company stock valued at $11,636,158. 31.60% of the stock is owned by corporate insiders.

Urban Outfitters Stock Performance

Shares of URBN traded down $0.19 during mid-day trading on Friday, hitting $72.28. 1,231,261 shares of the company's stock were exchanged, compared to its average volume of 1,996,516. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.21 and a beta of 1.44. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $75.80. The stock's 50-day moving average is $67.41 and its 200-day moving average is $58.28.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The business's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current 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.