Illinois Municipal Retirement Fund Sells 1,849 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Illinois Municipal Retirement Fund reduced its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 5.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,798 shares of the apparel retailer’s stock after selling 1,849 shares during the period. Illinois Municipal Retirement Fund’s holdings in Urban Outfitters were worth $1,381,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in URBN. Parallel Advisors LLC increased its stake in shares of Urban Outfitters by 89.7% during the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 417 shares during the last quarter. Spire Wealth Management boosted its holdings in Urban Outfitters by 3,700.0% in the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 1,110 shares during the period. Headlands Technologies LLC acquired a new position in Urban Outfitters during the 4th quarter worth approximately $150,000. TFO Wealth Partners LLC increased its position in Urban Outfitters by 26,563.2% during the 4th quarter. TFO Wealth Partners LLC now owns 5,066 shares of the apparel retailer’s stock worth $178,000 after purchasing an additional 5,047 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in Urban Outfitters in the 1st quarter valued at approximately $240,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Urban Outfitters

In other Urban Outfitters news, insider Azeez Hayne sold 13,967 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.78, for a total value of $583,541.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 31.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on URBN shares. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Robert W. Baird increased their target price on shares of Urban Outfitters from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Morgan Stanley raised their price objective on shares of Urban Outfitters from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, May 23rd. Barclays raised their price objective on shares of Urban Outfitters from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, June 18th. Finally, UBS Group increased their target price on shares of Urban Outfitters from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Hold” and an average price target of $43.18.

Urban Outfitters Stock Up 1.1 %

URBN opened at $47.20 on Monday. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.14 and a beta of 1.51. The firm has a 50-day moving average price of $42.61 and a 200-day moving average price of $41.21. Urban Outfitters, Inc. has a twelve month low of $30.05 and a twelve month high of $48.90.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, May 21st. The apparel retailer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.36%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share. On average, sell-side analysts expect that Urban Outfitters, Inc. will post 3.57 earnings per share for the current fiscal year.

Urban Outfitters Company Profile

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.