Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 11.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,336 shares of the apparel retailer’s stock after selling 2,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Urban Outfitters were worth $668,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of URBN. Allianz Asset Management GmbH acquired a new stake in Urban Outfitters during the first quarter worth about $265,000. Bank of Montreal Can grew its holdings in Urban Outfitters by 86.4% during the second quarter. Bank of Montreal Can now owns 16,562 shares of the apparel retailer’s stock worth $738,000 after acquiring an additional 7,675 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Urban Outfitters by 196.8% during the second quarter. BNP Paribas Arbitrage SA now owns 16,085 shares of the apparel retailer’s stock worth $717,000 after acquiring an additional 10,666 shares during the period. Aperio Group LLC grew its holdings in Urban Outfitters by 8.4% during the second quarter. Aperio Group LLC now owns 36,232 shares of the apparel retailer’s stock worth $1,614,000 after acquiring an additional 2,803 shares during the period. Finally, Smith Asset Management Group LP acquired a new stake in Urban Outfitters during the second quarter worth about $25,925,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

URBN has been the topic of several analyst reports. Bank of America raised their target price on Urban Outfitters from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Jefferies Financial Group set a $58.00 target price on Urban Outfitters and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Loop Capital set a $55.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research report on Monday, August 13th. BidaskClub upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, August 11th. Finally, B. Riley upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Tuesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.27.

Shares of URBN stock opened at $37.50 on Thursday. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.23 and a beta of 0.52. Urban Outfitters, Inc. has a 12-month low of $31.20 and a 12-month high of $52.50.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Monday, November 19th. The apparel retailer reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. The business had revenue of $973.50 million for the quarter, compared to the consensus estimate of $967.82 million. Urban Outfitters had a return on equity of 20.65% and a net margin of 5.44%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. As a group, equities analysts forecast that Urban Outfitters, Inc. will post 2.73 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Urban Outfitters (NASDAQ:URBN)

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