Urban Outfitters, Inc. (NASDAQ:URBN) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 319,836 shares of the apparel retailer’s stock after selling 2,514 shares during the period. Leeward Investments LLC MA’s holdings in Urban Outfitters were worth $11,415,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Castleview Partners LLC acquired a new position in Urban Outfitters during the third quarter worth $39,000. Neo Ivy Capital Management acquired a new position in Urban Outfitters during the third quarter worth $81,000. DekaBank Deutsche Girozentrale acquired a new position in Urban Outfitters during the third quarter worth $112,000. CI Investments Inc. acquired a new position in Urban Outfitters during the third quarter worth $159,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Urban Outfitters during the third quarter worth $226,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

URBN has been the topic of a number of recent analyst reports. Telsey Advisory Group upped their price objective on Urban Outfitters from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. BMO Capital Markets boosted their target price on Urban Outfitters from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. UBS Group boosted their target price on Urban Outfitters from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. decreased their target price on Urban Outfitters from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Hold” and an average target price of $39.67.

Urban Outfitters Stock Up 4.5 %

Shares of URBN traded up $1.75 during trading hours on Friday, reaching $40.53. 1,851,042 shares of the company traded hands, compared to its average volume of 1,753,271. The stock has a market capitalization of $3.78 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.53. Urban Outfitters, Inc. has a fifty-two week low of $25.69 and a fifty-two week high of $47.29. The stock has a fifty day simple moving average of $41.57 and a 200 day simple moving average of $38.34.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Research analysts predict that Urban Outfitters, Inc. will post 3.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other Urban Outfitters news, insider Azeez Hayne sold 2,878 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the sale, the insider now directly owns 2,878 shares of the company’s stock, valued at approximately $117,278.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Melanie Marein-Efron sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $40.72, for a total value of $244,320.00. Following the transaction, the chief financial officer now directly owns 908 shares in the company, valued at approximately $36,973.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Azeez Hayne sold 2,878 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $40.75, for a total value of $117,278.50. Following the completion of the transaction, the insider now owns 2,878 shares in the company, valued at $117,278.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,473 shares of company stock valued at $757,483. Insiders own 31.80% of the company’s stock.

Urban Outfitters Company 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.