Maryland State Retirement & Pension System Has $1.04 Million Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Maryland State Retirement & Pension System decreased its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,952 shares of the apparel retailer’s stock after selling 287 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Urban Outfitters were worth $1,040,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its stake in Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC boosted its position 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 worth $42,000 after purchasing an additional 202 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Urban Outfitters by 10.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,664 shares of the apparel retailer’s stock valued at $146,000 after buying an additional 250 shares during the period. Natixis Advisors LLC grew its holdings in shares of Urban Outfitters by 1.7% in the 4th quarter. Natixis Advisors LLC now owns 15,434 shares of the apparel retailer’s stock valued at $847,000 after buying an additional 252 shares during the period. Finally, Quarry LP raised 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 worth $47,000 after buying an additional 298 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. Bank of America increased their target price on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Robert W. Baird lifted their price target on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Finally, UBS Group boosted their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $56.00.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $49.13 on Monday. The stock has a market capitalization of $4.53 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The company’s 50-day moving average price is $54.82 and its two-hundred day moving average price is $47.12. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $61.16.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.89 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. On average, analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Wesley S. Mcdonald sold 8,300 shares of Urban Outfitters 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 completion of the transaction, the director now owns 15,450 shares of the company’s stock, valued at $902,898. This trade represents a 34.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Harry S. Cherken, Jr. sold 55,000 shares of the company’s 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 completion of the sale, the director now directly owns 510,296 shares in the company, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,976 shares of company stock valued at $5,573,263. 31.80% of the stock is owned by insiders.

About Urban Outfitters

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.