State of Tennessee Department of Treasury Buys 5,578 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

State of Tennessee Department of Treasury raised its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,821 shares of the apparel retailer's stock after acquiring an additional 5,578 shares during the quarter. State of Tennessee Department of Treasury's holdings in Urban Outfitters were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in URBN. Friedenthal Financial bought a new position in Urban Outfitters in the fourth quarter valued at $765,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Urban Outfitters by 1,016.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,606 shares of the apparel retailer's stock valued at $7,223,000 after purchasing an additional 119,820 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Urban Outfitters by 17,631.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer's stock valued at $1,966,000 after purchasing an additional 35,615 shares during the last quarter. Bank of New York Mellon Corp raised its position in Urban Outfitters by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 706,161 shares of the apparel retailer's stock worth $38,754,000 after purchasing an additional 51,657 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Urban Outfitters by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock worth $64,482,000 after purchasing an additional 60,697 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

Insider Buying and Selling

In other news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the transaction, the director now owns 15,450 shares of the company's stock, valued at $902,898. The trade was a 34.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tricia D. Smith sold 10,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the sale, the chief executive officer now directly owns 12,601 shares in the company, valued at $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 have sold 29,976 shares of company stock worth $1,663,713 in the last 90 days. Insiders own 31.80% of the company's stock.

Urban Outfitters Trading Up 3.2 %

Urban Outfitters stock traded up $1.68 on Friday, hitting $54.51. 1,225,429 shares of the stock traded hands, compared to its average volume of 1,880,630. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $61.16. The firm has a market cap of $5.05 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. The business's fifty day simple moving average is $51.17 and its 200 day simple moving average is $49.87.

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

Analyst Upgrades and Downgrades

URBN has been the topic of several analyst reports. Citigroup decreased their price objective on Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $56.00 to $59.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. StockNews.com cut shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Robert W. Baird increased their target price on shares of Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Finally, UBS Group upped their price target on Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $54.27.

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.