California State Teachers Retirement System Acquires 13,359 Shares of Urban Outfitters, Inc. $URBN

California State Teachers Retirement System raised its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 24.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,812 shares of the apparel retailer’s stock after acquiring an additional 13,359 shares during the period. California State Teachers Retirement System’s holdings in Urban Outfitters were worth $4,359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. bought a new position in Urban Outfitters in the fourth quarter valued at about $27,000. Brown Brothers Harriman & Co. boosted its stake in shares of Urban Outfitters by 815.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock valued at $28,000 after purchasing an additional 326 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in shares of Urban Outfitters by 58.4% during the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 149 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Urban Outfitters by 90.3% during the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 205 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Urban Outfitters in the fourth quarter valued at approximately $33,000. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Down 1.0%

Shares of NASDAQ:URBN opened at $76.92 on Friday. Urban Outfitters, Inc. has a twelve month low of $59.53 and a twelve month high of $84.35. The stock’s 50 day moving average is $73.12 and its 200-day moving average is $70.17. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.44 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.18. Urban Outfitters had a net margin of 7.48% and a return on equity of 18.92%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the company earned $1.16 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. Equities research analysts anticipate that Urban Outfitters, Inc. will post 6.13 earnings per share for the current fiscal year.

Insider Activity at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 5,036 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value of $369,743.12. Following the transaction, the chief financial officer owned 17,023 shares in the company, valued at $1,249,828.66. This trade represents a 22.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Azeez Hayne sold 8,733 shares of Urban Outfitters stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.18, for a total value of $639,080.94. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 32.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $72.00 target price on shares of Urban Outfitters in a research report on Thursday, May 21st. JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. The Goldman Sachs Group upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $93.00 in a report on Monday, July 20th. Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Morgan Stanley restated an “overweight” rating and issued a $89.00 price objective on shares of Urban Outfitters in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Moderate Buy” and an average target price of $87.91.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.