New York State Common Retirement Fund cut its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 41.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,761 shares of the apparel retailer’s stock after selling 104,061 shares during the quarter. New York State Common Retirement Fund’s holdings in Urban Outfitters were worth $4,839,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Urban Outfitters during the 4th quarter worth $31,000. Huntington National Bank grew its holdings in shares of Urban Outfitters by 42.7% during the 4th quarter. Huntington National Bank now owns 1,233 shares of the apparel retailer’s stock worth $41,000 after purchasing an additional 369 shares during the period. Enlightenment Research LLC purchased a new position in shares of Urban Outfitters during the 4th quarter worth $83,000. Tyvor Capital LLC purchased a new position in shares of Urban Outfitters during the 3rd quarter worth $205,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Urban Outfitters during the 3rd quarter worth $213,000. Institutional investors and hedge funds own 75.70% of the company’s stock.
URBN stock opened at $28.61 on Friday. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 1.02 and a beta of 0.54. Urban Outfitters, Inc. has a 1 year low of $28.51 and a 1 year high of $52.50.
Several equities analysts recently issued reports on the company. BidaskClub lowered Urban Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Zacks Investment Research raised Urban Outfitters from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Thursday, November 29th. Wells Fargo & Co decreased their target price on Urban Outfitters from $35.00 to $30.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 6th. Telsey Advisory Group decreased their target price on Urban Outfitters from $44.00 to $42.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 20th. Finally, Wolfe Research reissued an “outperform” rating and set a $42.00 target price (down previously from $49.00) on shares of Urban Outfitters in a research note on Friday, January 11th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $40.29.
In other Urban Outfitters news, CFO Frank Conforti sold 22,937 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $29.30, for a total value of $672,054.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Calvin Hollinger sold 23,813 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $29.13, for a total value of $693,672.69. The disclosure for this sale can be found here. 25.90% of the stock is owned by company insiders.
About Urban Outfitters
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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