New York State Common Retirement Fund Increases Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

New York State Common Retirement Fund raised its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 45.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,804 shares of the apparel retailer's stock after buying an additional 8,966 shares during the quarter. New York State Common Retirement Fund's holdings in Urban Outfitters were worth $1,581,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer's stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Quarry LP increased its stake in Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer's stock valued at $47,000 after purchasing an additional 298 shares in the last quarter. Blue Trust Inc. increased its stake in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer's stock valued at $25,000 after purchasing an additional 354 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Urban Outfitters by 38.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer's stock worth $95,000 after buying an additional 470 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Urban Outfitters by 39.8% in the third quarter. KBC Group NV now owns 2,087 shares of the apparel retailer's stock worth $80,000 after buying an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

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Insider Buying and Selling

In other Urban Outfitters news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the sale, the director now directly owns 15,450 shares in the company, valued at approximately $902,898. The trade was a 34.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the transaction, the director now directly owns 510,296 shares of the company's stock, valued at $29,245,063.76. This trade represents a 9.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,300 shares of company stock valued at $4,394,602. Corporate insiders own 31.80% of the company's stock.

Analyst Upgrades and Downgrades

URBN has been the subject of a number of recent analyst reports. Barclays boosted their price objective on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. JPMorgan Chase & Co. boosted their price target on Urban Outfitters from $46.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. Bank of America increased their price objective on Urban Outfitters from $46.00 to $53.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Robert W. Baird boosted their target price on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Finally, UBS Group upped their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $56.00.

Urban Outfitters Trading Down 3.2 %

Urban Outfitters stock traded down $1.84 during midday trading on Thursday, hitting $55.50. The stock had a trading volume of 608,545 shares, compared to its average volume of 1,710,863. Urban Outfitters, Inc. has a 52-week low of $33.86 and a 52-week high of $61.16. The company has a market capitalization of $5.12 billion, a PE ratio of 15.91, a P/E/G ratio of 1.02 and a beta of 1.56. The firm's fifty day moving average is $56.04 and its two-hundred day moving average is $45.86.

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

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.