Teacher Retirement System of Texas Has $4.28 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Teacher Retirement System of Texas boosted its holdings in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 98.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,035 shares of the apparel retailer's stock after acquiring an additional 38,713 shares during the period. Teacher Retirement System of Texas owned about 0.08% of Urban Outfitters worth $4,283,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Street Corp boosted its stake in Urban Outfitters by 1.1% during the 3rd quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer's stock valued at $107,244,000 after purchasing an additional 31,100 shares during the period. Fisher Asset Management LLC boosted its position in shares of Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer's stock worth $120,122,000 after buying an additional 115,390 shares during the period. Geode Capital Management LLC grew its holdings in Urban Outfitters by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer's stock worth $56,765,000 after buying an additional 18,249 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Urban Outfitters by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock valued at $64,482,000 after acquiring an additional 60,697 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in Urban Outfitters by 5,565.6% during the 4th quarter. Proficio Capital Partners LLC now owns 875,336 shares of the apparel retailer's stock valued at $48,038,000 after acquiring an additional 859,886 shares in the last quarter. Institutional investors own 77.61% of the company's stock.

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Urban Outfitters Stock Down 1.8 %

Urban Outfitters stock traded down $0.97 during mid-day trading on Wednesday, hitting $52.20. 578,918 shares of the company were exchanged, compared to its average volume of 1,752,938. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $61.16. The business has a fifty day moving average of $54.73 and a 200 day moving average of $47.37. The company has a market capitalization of $4.82 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Robert W. Baird increased their price target on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Bank of America raised their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Barclays upped their price target on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Wells Fargo & Company raised their price objective on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley upgraded Urban Outfitters from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $56.00.

Insider Transactions at Urban Outfitters

In other Urban Outfitters 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 transaction of $485,052.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harry S. Cherken, Jr. sold 15,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the transaction, the director now directly owns 495,296 shares of the company's stock, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,976 shares of company stock worth $5,573,263. Corporate insiders own 31.80% of the company's stock.

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.