Easterly Investment Partners LLC Trims Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Easterly Investment Partners LLC lessened its stake in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 49.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,302 shares of the apparel retailer's stock after selling 127,720 shares during the period. Easterly Investment Partners LLC owned approximately 0.14% of Urban Outfitters worth $6,880,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its stake in shares of Urban Outfitters by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after buying an additional 200 shares in the last quarter. Xponance Inc. lifted its stake in shares of Urban Outfitters by 4.9% during the 1st quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock valued at $251,000 after buying an additional 222 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of Urban Outfitters by 1.7% during 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 in the last quarter. GAMMA Investing LLC lifted its stake in shares of Urban Outfitters by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after buying an additional 263 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in shares of Urban Outfitters by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,628 shares of the apparel retailer's stock valued at $364,000 after buying an additional 351 shares in the last quarter. Institutional investors own 77.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on URBN. Glj Research restated a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $63.00 to $78.00 in a report on Thursday, May 22nd. Bank of America boosted their target price on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. UBS Group upped their price target on shares of Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. Finally, Baird R W upgraded shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $74.09.

Insider Activity at Urban Outfitters

In other news, insider Margaret Hayne sold 80,000 shares of Urban Outfitters stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $72.59, for a total value of $5,807,200.00. Following the sale, the insider owned 100 shares in the company, valued at $7,259. This trade represents a 99.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of Urban Outfitters stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $74.15, for a total transaction of $2,595,250.00. Following the completion of the sale, the director owned 480,296 shares in the company, valued at approximately $35,613,948.40. This trade represents a 6.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,156 shares of company stock valued at $11,636,158 in the last quarter. 31.80% of the stock is currently owned by insiders.

Urban Outfitters Stock Performance

NASDAQ:URBN traded up $1.21 during midday trading on Friday, reaching $72.14. 1,295,438 shares of the stock traded hands, compared to its average volume of 2,006,594. The business has a 50-day moving average of $69.29 and a two-hundred day moving average of $58.84. The stock has a market capitalization of $6.47 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. Urban Outfitters, Inc. has a 12-month low of $33.86 and a 12-month high of $75.80.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.35. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the company posted $0.69 earnings per share. The firm's revenue was up 10.7% compared to the same quarter last year. Research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current 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.