Urban Outfitters, Inc. (NASDAQ:URBN) Stock Position Cut by Easterly Investment Partners LLC

Easterly Investment Partners LLC cut its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 49.3% in the 1st quarter, according to its most recent disclosure 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 quarter. Easterly Investment Partners LLC owned 0.14% of Urban Outfitters worth $6,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC boosted its stake in shares of Urban Outfitters by 2,893.8% in the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock valued at $25,000 after purchasing an additional 463 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 200 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Urban Outfitters in the first quarter valued at $52,000. GAMMA Investing LLC raised its holdings in Urban Outfitters by 34.7% in the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after acquiring an additional 263 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Urban Outfitters by 159.5% in the fourth quarter. Covestor Ltd now owns 2,753 shares of the apparel retailer's stock valued at $151,000 after acquiring an additional 1,692 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

URBN has been the topic of several recent analyst reports. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Glj Research reaffirmed a "sell" rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Wall Street Zen raised shares of Urban Outfitters from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 14th. Barclays upped their price target on shares of Urban Outfitters from $59.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $72.00 target price on shares of Urban Outfitters 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $74.09.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock traded up $1.21 during trading on Friday, hitting $72.14. 1,295,438 shares of the stock were exchanged, compared to its average volume of 1,998,323. The stock's fifty day moving average is $68.88 and its 200 day moving average is $58.68. The stock has a market cap of $6.47 billion, a PE ratio of 15.09, a P/E/G ratio of 1.17 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 released its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a net margin of 7.91% and a return on equity of 17.98%. The company's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 35,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $74.15, for a total value of $2,595,250.00. Following the completion of the transaction, the director owned 480,296 shares in the company, valued at $35,613,948.40. This represents a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Melanie Marein-Efron sold 20,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $73.36, for a total transaction of $1,467,200.00. Following the completion of the transaction, the chief financial officer owned 5,036 shares of the company's stock, valued at $369,440.96. This represents a 79.88% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 159,156 shares of company stock valued at $11,636,158. Corporate insiders own 31.60% of the company's stock.

About Urban Outfitters

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.