Public Employees Retirement System of Ohio Boosts Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Public Employees Retirement System of Ohio grew its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 1,778.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,588 shares of the apparel retailer's stock after purchasing an additional 32,747 shares during the period. Public Employees Retirement System of Ohio's holdings in Urban Outfitters were worth $1,898,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of URBN. KBC Group NV grew its stake in Urban Outfitters by 41.8% in the 4th quarter. KBC Group NV now owns 2,959 shares of the apparel retailer's stock valued at $162,000 after acquiring an additional 872 shares during the period. Empirical Finance LLC purchased a new position in shares of Urban Outfitters in the fourth quarter valued at approximately $813,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Urban Outfitters by 1,016.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock worth $7,223,000 after acquiring an additional 119,820 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of 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 purchasing an additional 470 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Urban Outfitters by 3.7% in the 4th quarter. Principal Financial Group Inc. now owns 343,259 shares of the apparel retailer's stock valued at $18,838,000 after purchasing an additional 12,184 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Telsey Advisory Group reiterated a "market perform" rating and issued a $72.00 target price (up from $59.00) on shares of Urban Outfitters in a research report on Thursday, May 22nd. BMO Capital Markets set a $76.00 price objective on shares of Urban Outfitters and gave the company a "market perform" rating in a research note on Thursday, May 22nd. UBS Group raised their target price on shares of Urban Outfitters from $54.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upgraded Urban Outfitters from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $63.00 to $78.00 in a report on Thursday, May 22nd. Finally, Citigroup lowered their price objective 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $69.36.

Urban Outfitters Stock Down 0.2%

URBN traded down $0.12 on Tuesday, reaching $72.50. The company's stock had a trading volume of 1,720,417 shares, compared to its average volume of 1,969,301. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $75.80. The stock has a 50 day moving average of $55.44 and a two-hundred day moving average of $53.91.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.35. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $0.69 EPS. The company'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 earnings per share for the current fiscal year.

Insider Activity at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total transaction of $1,467,200.00. Following the completion of the sale, the chief financial officer now owns 5,036 shares in the company, valued at $369,440.96. This represents a 79.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tricia D. Smith sold 10,000 shares of Urban Outfitters stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $53.94, for a total value of $539,400.00. Following the completion of the sale, the chief executive officer now owns 12,601 shares in the company, valued at approximately $679,697.94. This trade represents a 44.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 176,332 shares of company stock valued at $12,497,479 in the last three months. 31.60% of the stock is currently owned by company insiders.

About Urban Outfitters

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.