7,739 Urban Outfitters, Inc. $URBN Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,602 shares of the apparel retailer’s stock after selling 7,739 shares during the period. Leeward Investments LLC MA’s holdings in Urban Outfitters were worth $9,212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in Urban Outfitters in the 2nd quarter worth $615,160,000. Dimensional Fund Advisors LP increased its position in Urban Outfitters by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock worth $273,274,000 after buying an additional 338,622 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Urban Outfitters by 23.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer’s stock worth $62,155,000 after buying an additional 189,454 shares in the last quarter. Bank of America Corp DE purchased a new stake in Urban Outfitters in the second quarter worth about $33,414,000. Finally, Engineers Gate Manager LP raised its stake in shares of Urban Outfitters by 211.4% in the second quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer’s stock worth $30,344,000 after buying an additional 290,698 shares during the period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Harry S. Cherken, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $87.06, for a total transaction of $435,300.00. Following the completion of the transaction, the director owned 494,315 shares in the company, valued at approximately $43,035,063.90. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tricia Smith sold 3,500 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $75.95, for a total transaction of $265,825.00. Following the transaction, the chief executive officer directly owned 30,112 shares of the company’s stock, valued at $2,287,006.40. The trade was a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 14,200 shares of company stock worth $1,161,400. 32.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on URBN. Needham & Company LLC started coverage on Urban Outfitters in a research report on Friday, October 16th. They set a “buy” rating and a $100.00 price objective on the stock. Zacks Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Wolfe Research started coverage on shares of Urban Outfitters in a report on Wednesday. They issued a “peer perform” rating for the company. Barclays raised their target price on shares of Urban Outfitters from $100.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $90.00 price target on shares of Urban Outfitters in a report on Thursday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.54.

Urban Outfitters Price Performance

NASDAQ:URBN opened at $86.55 on Monday. The stock has a market cap of $7.41 billion, a PE ratio of 13.50, a P/E/G ratio of 1.35 and a beta of 1.24. The business’s 50-day simple moving average is $79.37 and its two-hundred day simple moving average is $74.90. Urban Outfitters, Inc. has a 52 week low of $59.53 and a 52 week high of $90.59.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, hitting the consensus estimate of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company posted $1.58 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Sell-side analysts anticipate that Urban Outfitters, Inc. will post 6.20 earnings per share for the current fiscal year.

Urban Outfitters Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women’s apparel, accessories, home goods and lifestyle merchandise.