VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 25,806 Urban Outfitters, Inc. $URBN

Key Points

• The Virginia Retirement Systems purchased 25,806 shares of Urban Outfitters, Inc. (NASDAQ: URBN) in the second quarter, valued at approximately $1.87 million.
• Urban Outfitters reported earnings of $1.58 per share, exceeding analyst expectations, and had a revenue increase of 11.3% compared to the previous year.
• Insider trading activity included CEO Richard A. Hayne selling 9,333 shares for approximately $654,337, decreasing his ownership of the stock.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 25,806 shares of the apparel retailer's stock, valued at approximately $1,872,000.

Several other institutional investors also recently bought and sold shares of URBN. GAMMA Investing LLC grew its position in Urban Outfitters by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after acquiring an additional 263 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Urban Outfitters in the 1st quarter valued at about $52,000. Janney Montgomery Scott LLC purchased a new position in shares of Urban Outfitters in the 1st quarter valued at about $1,094,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Urban Outfitters in the 1st quarter valued at about $1,677,000. Finally, Diversified Trust Co boosted its stake in shares of Urban Outfitters by 4.0% in the 1st quarter. Diversified Trust Co now owns 19,517 shares of the apparel retailer's stock valued at $1,023,000 after buying an additional 752 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group lifted their price objective on Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, September 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Urban Outfitters in a research note on Wednesday, October 8th. Wall Street Zen upgraded Urban Outfitters from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Finally, Citigroup reiterated a "neutral" rating and issued a $76.00 price objective (up previously from $75.00) on shares of Urban Outfitters in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $81.91.

Urban Outfitters Stock Up 1.7%

Shares of URBN opened at $68.00 on Wednesday. The stock has a 50 day moving average price of $71.62 and a 200 day moving average price of $67.36. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.05 and a beta of 1.26. Urban Outfitters, Inc. has a 52-week low of $34.76 and a 52-week high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.14. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.24 earnings per share. On average, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Richard A. Hayne sold 9,333 shares of the business's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $70.11, for a total value of $654,336.63. Following the transaction, the chief executive officer owned 2,430,722 shares of the company's stock, valued at approximately $170,417,919.42. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tricia D. Smith sold 3,400 shares of the business's stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $69.77, for a total value of $237,218.00. Following the completion of the transaction, the chief executive officer directly owned 10,077 shares in the company, valued at approximately $703,072.29. The trade was a 25.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,400 shares of company stock worth $3,118,738. 31.80% of the stock is owned by insiders.

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.

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