Leeward Investments LLC MA Has $6.16 Million Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Leeward Investments LLC MA trimmed its holdings in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) by 60.9% in the first quarter, according to the company in its most recent filing 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 period. 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.

A number of other large investors also recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. raised its stake in Urban Outfitters by 183,272.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,094,731 shares of the apparel retailer's stock worth $60,079,000 after acquiring an additional 1,094,134 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Urban Outfitters during the first quarter valued at approximately $40,544,000. Norges Bank bought a new position in shares of Urban Outfitters during the fourth quarter valued at approximately $31,605,000. Wealthfront Advisers LLC acquired a new stake in shares of Urban Outfitters during the 4th quarter worth approximately $21,140,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of Urban Outfitters in the 4th quarter worth approximately $18,513,000. 77.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on URBN shares. Wells Fargo & Company restated an "equal weight" rating on shares of Urban Outfitters in a research note on Thursday, May 22nd. Robert W. Baird upgraded shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, June 11th. Jefferies Financial Group raised shares of Urban Outfitters from an "underperform" rating to a "hold" rating and increased their price objective for the stock from $50.00 to $70.00 in a report on Friday, June 6th. JPMorgan Chase & Co. raised shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $63.00 to $78.00 in a research note on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of Urban Outfitters from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $74.09.

Insider Buying and Selling at Urban Outfitters

In related news, insider Margaret Hayne sold 80,000 shares of the business's stock in a transaction that occurred on 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 directly owned 100 shares in the company, valued at $7,259. The trade was a 99.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Melanie Marein-Efron sold 20,000 shares of the firm's stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 159,156 shares of company stock valued at $11,636,158. Corporate insiders own 31.80% of the company's stock.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock traded down $0.13 on Tuesday, hitting $70.51. The company had a trading volume of 1,507,200 shares, compared to its average volume of 1,997,332. Urban Outfitters, Inc. has a 52 week low of $33.86 and a 52 week high of $75.80. The company has a market cap of $6.32 billion, a PE ratio of 14.75, a PEG ratio of 1.19 and a beta of 1.44. The business has a 50-day simple moving average of $66.28 and a 200-day simple moving average of $57.91.

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

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.