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

Teacher Retirement System of Texas increased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 98.5% during the fourth quarter, HoldingsChannel reports. The institutional investor 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’ holdings in Urban Outfitters were worth $4,283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in shares of 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 worth $48,038,000 after purchasing an additional 859,886 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in Urban Outfitters during the fourth quarter worth $21,140,000. Cerity Partners LLC bought a new position in Urban Outfitters during the third quarter valued at about $8,340,000. Allspring Global Investments Holdings LLC lifted its position 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 buying an additional 119,820 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Urban Outfitters by 5.6% during the 4th quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer’s stock worth $120,122,000 after acquiring an additional 115,390 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN opened at $53.58 on Tuesday. The company has a market capitalization of $4.94 billion, a PE ratio of 15.35, a P/E/G ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $61.16. The company’s fifty day moving average is $54.78 and its 200-day moving average is $47.24.

Urban Outfitters (NASDAQ:URBN) 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. On average, analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on URBN. Robert W. Baird raised their price objective on Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Barclays raised their target price on shares of Urban Outfitters from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Wells Fargo & Company boosted their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Finally, StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $56.00.

Insider Buying and Selling

In other news, Director Wesley S. Mcdonald sold 8,300 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the transaction, the director now owns 15,450 shares of the company’s stock, valued at approximately $902,898. This trade represents a 34.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now owns 510,296 shares in the company, valued at $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,976 shares of company stock worth $5,573,263 in the last 90 days. 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.