Leeward Investments LLC MA Decreases Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Leeward Investments LLC MA cut its position in Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 60.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,562 shares of the apparel retailer's stock after selling 182,878 shares during the quarter. Leeward Investments LLC MA owned 0.13% of Urban Outfitters worth $6,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Urban Outfitters by 9.0% in the fourth quarter. American Century Companies Inc. now owns 2,089,155 shares of the apparel retailer's stock valued at $114,653,000 after purchasing an additional 173,082 shares during the period. Junto Capital Management LP boosted its stake in shares of Urban Outfitters by 0.9% in the fourth quarter. Junto Capital Management LP now owns 1,483,646 shares of the apparel retailer's stock valued at $81,422,000 after purchasing an additional 13,820 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Urban Outfitters by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock valued at $64,482,000 after purchasing an additional 60,697 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Urban Outfitters by 183,272.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock valued at $60,079,000 after purchasing an additional 1,094,134 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Urban Outfitters in the first quarter valued at $40,544,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $73.52 on Friday. The firm's 50-day moving average is $65.58 and its 200-day moving average is $57.66. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $75.80. The company has a market cap of $6.59 billion, a P/E ratio of 15.38, a PEG ratio of 1.24 and a beta of 1.44.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (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 company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $0.69 EPS. The company's revenue for the quarter was up 10.7% on a year-over-year basis. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Margaret Hayne sold 80,000 shares of the 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 of the company's stock, valued at $7,259. This trade represents a 99.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Melanie Marein-Efron sold 20,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was 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 directly owned 5,036 shares in the company, valued at approximately $369,440.96. This trade represents a 79.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 159,156 shares of company stock worth $11,636,158. 31.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

URBN has been the topic of a number of research analyst reports. BMO Capital Markets set a $76.00 price objective on shares of Urban Outfitters and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reiterated a "market perform" rating and set a $72.00 price objective on shares of Urban Outfitters in a research note on Wednesday, June 11th. UBS Group increased their price objective on shares of Urban Outfitters from $54.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Robert W. Baird upgraded shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, June 11th. Finally, Baird R W upgraded shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.09.

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.

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