California State Teachers Retirement System Has $3.99 Million Position in Urban Outfitters, Inc. (NASDAQ:URBN)

California State Teachers Retirement System grew its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,315 shares of the apparel retailer’s stock after buying an additional 2,184 shares during the period. California State Teachers Retirement System owned about 0.11% of Urban Outfitters worth $3,994,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in URBN. AQR Capital Management LLC raised its position in shares of Urban Outfitters by 547.6% during the 3rd quarter. AQR Capital Management LLC now owns 4,487,410 shares of the apparel retailer’s stock worth $183,535,000 after purchasing an additional 3,794,451 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Urban Outfitters by 3,059.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,003,171 shares of the apparel retailer’s stock worth $30,000 after purchasing an additional 971,424 shares during the period. Man Group plc raised its position in shares of Urban Outfitters by 557.0% during the 3rd quarter. Man Group plc now owns 1,027,750 shares of the apparel retailer’s stock worth $42,035,000 after purchasing an additional 871,309 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Urban Outfitters by 115.8% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,435,098 shares of the apparel retailer’s stock worth $58,696,000 after purchasing an additional 770,002 shares during the period. Finally, Vanguard Group Inc raised its position in shares of Urban Outfitters by 5.0% during the 3rd quarter. Vanguard Group Inc now owns 8,466,147 shares of the apparel retailer’s stock worth $346,266,000 after purchasing an additional 406,691 shares during the period. 80.04% of the stock is currently owned by institutional investors.

Shares of URBN traded up $0.30 during trading hours on Friday, hitting $30.93. 2,548,355 shares of the company were exchanged, compared to its average volume of 3,311,253. The firm has a market cap of $3.20 billion, a PE ratio of 11.25, a P/E/G ratio of 1.06 and a beta of 0.54. Urban Outfitters, Inc. has a one year low of $27.60 and a one year high of $52.50.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, March 5th. The apparel retailer reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.05. Urban Outfitters had a return on equity of 21.03% and a net margin of 7.54%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the company earned $0.62 earnings per share. On average, equities research analysts expect that Urban Outfitters, Inc. will post 2.61 EPS for the current fiscal year.

A number of analysts have recently weighed in on URBN shares. Jefferies Financial Group set a $58.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research report on Friday, January 11th. B. Riley set a $52.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research report on Thursday, January 10th. Zacks Investment Research reiterated a “buy” rating and set a $36.00 price target on shares of Urban Outfitters in a research report on Monday, December 31st. DA Davidson upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the stock from $30.00 to $36.00 in a research report on Tuesday, April 2nd. Finally, ValuEngine upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.59.

In other news, CFO Frank Conforti sold 22,937 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $29.30, for a total transaction of $672,054.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Calvin Hollinger sold 23,813 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $29.13, for a total transaction of $693,672.69. The disclosure for this sale can be found here. Insiders sold a total of 104,200 shares of company stock worth $3,237,851 over the last three months. 24.80% of the stock is owned by company insiders.

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Urban Outfitters Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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