Headlands Technologies LLC Sells 4,640 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Headlands Technologies LLC lessened its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 53.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,961 shares of the apparel retailer's stock after selling 4,640 shares during the quarter. Headlands Technologies LLC's holdings in Urban Outfitters were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in URBN. SG Americas Securities LLC boosted its position in Urban Outfitters by 313.4% during the first quarter. SG Americas Securities LLC now owns 23,342 shares of the apparel retailer's stock valued at $1,223,000 after buying an additional 17,696 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Urban Outfitters during the first quarter valued at about $52,000. Public Employees Retirement System of Ohio boosted its position in Urban Outfitters by 1,778.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 34,588 shares of the apparel retailer's stock valued at $1,898,000 after buying an additional 32,747 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Urban Outfitters during the first quarter valued at about $1,094,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Urban Outfitters by 17.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,114 shares of the apparel retailer's stock valued at $7,086,000 after buying an additional 19,551 shares during the period. Institutional investors own 77.61% of the company's stock.

Insiders Place Their Bets

In other news, CFO Melanie Marein-Efron sold 20,000 shares of the business's stock in a transaction on 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 sale, the chief financial officer owned 5,036 shares of the company's stock, valued at $369,440.96. The trade was a 79.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Harry S. Cherken, Jr. sold 35,000 shares of the business's stock in a transaction on 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 sale, the director directly owned 480,296 shares of the company's stock, valued at approximately $35,613,948.40. The trade was a 6.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,156 shares of company stock worth $11,636,158 in the last 90 days. Insiders own 31.60% of the company's stock.

Urban Outfitters Trading Down 0.3%

NASDAQ:URBN traded down $0.25 during trading hours on Friday, reaching $77.04. The company had a trading volume of 293,839 shares, compared to its average volume of 2,112,915. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $80.71. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.38 and a beta of 1.44. The firm's 50 day moving average price is $72.94 and its 200-day moving average price is $61.46.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on URBN. Robert W. Baird upgraded shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and raised their target price for the stock from $50.00 to $70.00 in a research note on Friday, June 6th. Barclays raised their target price on Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. UBS Group raised their price objective on shares of Urban Outfitters from $54.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Finally, Bank of America raised their price objective 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. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Urban Outfitters presently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

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.