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

Teacher Retirement System of Texas trimmed its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 30.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 about 0.06% of Urban Outfitters worth $2,827,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

URBN has been the topic of several research analyst reports. Wells Fargo & Company restated an "equal weight" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Baird R W upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Robert W. Baird upgraded shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, June 11th. Citigroup lowered their price objective on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Glj Research reiterated a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $74.09.

Insiders Place Their Bets

In other news, Director Kotzman Kelly Campbell sold 6,800 shares of Urban Outfitters stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $75.10, for a total transaction of $510,680.00. Following the completion of the sale, the director directly owned 4,750 shares in the company, valued at approximately $356,725. This trade represents a 58.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $74.15, for a total transaction of $2,595,250.00. Following the completion of the sale, the director owned 480,296 shares of the company's stock, valued at approximately $35,613,948.40. This represents a 6.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 159,156 shares of company stock valued at $11,636,158. 31.60% of the stock is currently owned by corporate insiders.

Urban Outfitters Price Performance

NASDAQ URBN traded down $0.19 on Friday, reaching $72.28. 1,231,261 shares of the company's stock traded hands, compared to its average volume of 1,996,340. The stock has a market cap of $6.48 billion, a PE ratio of 15.12, a P/E/G ratio of 1.22 and a beta of 1.44. The stock has a 50-day simple moving average of $67.41 and a 200 day simple moving average of $58.26. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $75.80.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) 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 company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. Urban Outfitters's revenue was up 10.7% on a year-over-year basis. As a group, 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.