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

Leeward Investments LLC MA lessened its stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 300,440 shares of the apparel retailer’s stock after selling 22,338 shares during the quarter. Leeward Investments LLC MA’s holdings in Urban Outfitters were worth $16,488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the period. GAMMA Investing LLC lifted its stake in Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 202 shares during the period. Quarry LP lifted its stake in Urban Outfitters by 32.3% in the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after acquiring an additional 298 shares during the period. Asset Management One Co. Ltd. purchased a new stake in Urban Outfitters in the third quarter worth $47,000. Finally, KBC Group NV lifted its stake in Urban Outfitters by 39.8% in the third quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock worth $80,000 after acquiring an additional 594 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Insider Activity

In related news, Director Harry S. Cherken, Jr. sold 55,000 shares of Urban Outfitters stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $57.31, for a total value of $3,152,050.00. Following the completion of the sale, the director now directly owns 510,296 shares in the company, valued at approximately $29,245,063.76. This trade represents a 9.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 31.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on URBN shares. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price target for the stock from $42.00 to $59.00 in a research note on Wednesday, November 27th. Wells Fargo & Company increased their price objective on Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Barclays increased their price objective on Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday. Finally, Robert W. Baird increased their price objective on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $53.64.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $52.80 on Friday. Urban Outfitters, Inc. has a 1-year low of $33.86 and a 1-year high of $60.90. The business has a fifty day moving average price of $55.84 and a 200-day moving average price of $45.06. The company has a market capitalization of $4.87 billion, a PE ratio of 15.13, a PEG ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.88 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Urban Outfitters 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.