Public Sector Pension Investment Board Has $16.67 Million Holdings in Urban Outfitters, Inc. $URBN

Public Sector Pension Investment Board boosted its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 21.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,423 shares of the apparel retailer’s stock after purchasing an additional 40,741 shares during the period. Public Sector Pension Investment Board owned about 0.26% of Urban Outfitters worth $16,673,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Urban Outfitters by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after buying an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Urban Outfitters by 10.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after acquiring an additional 13,554 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in Urban Outfitters in the second quarter valued at approximately $308,000. CWM LLC boosted its holdings in Urban Outfitters by 22.6% in the second quarter. CWM LLC now owns 5,698 shares of the apparel retailer’s stock valued at $413,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Urban Outfitters by 137.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 221,655 shares of the apparel retailer’s stock valued at $16,312,000 after purchasing an additional 128,249 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN opened at $70.18 on Friday. The firm has a market cap of $6.29 billion, a P/E ratio of 13.24, a PEG ratio of 0.97 and a beta of 1.24. The business’s 50 day simple moving average is $74.78 and its two-hundred day simple moving average is $72.10. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. The business had revenue of $1.53 billion during the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%. On average, equities analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $74.94, for a total value of $799,384.98. Following the completion of the transaction, the chief executive officer owned 17,995,938 shares in the company, valued at $1,348,615,593.72. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 598,168 shares of company stock worth $45,325,456 in the last 90 days. 31.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price objective on the stock. Wall Street Zen cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a report on Monday, December 29th. Citigroup boosted their price objective on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $98.00 target price on shares of Urban Outfitters in a research note on Tuesday, January 13th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $86.67.

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.