Leeward Investments LLC MA Trims 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, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,440 shares of the apparel retailer’s stock after selling 22,338 shares during the quarter. Leeward Investments LLC MA owned about 0.33% of Urban Outfitters worth $16,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in URBN. Blue Trust Inc. grew its holdings in Urban Outfitters by 138.8% during the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 354 shares in the last quarter. GAMMA Investing LLC grew its holdings in Urban Outfitters by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in Urban Outfitters during the 3rd quarter valued at about $47,000. Quarry LP grew its holdings in Urban Outfitters by 32.3% during the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after buying an additional 298 shares in the last quarter. Finally, KBC Group NV grew its holdings in Urban Outfitters by 39.8% during the 3rd quarter. KBC Group NV now owns 2,087 shares of the apparel retailer’s stock valued at $80,000 after buying an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on URBN. Robert W. Baird boosted 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. Wells Fargo & Company upped their price objective on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $63.00 in a research report on Tuesday, January 21st. Finally, Bank of America upped their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.64.

Insider Activity

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the sale, the director now owns 510,296 shares of the company’s stock, valued at approximately $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 31.80% of the company’s stock.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $52.80 on Friday. Urban Outfitters, Inc. has a one year low of $33.86 and a one year high of $60.90. The firm’s 50 day simple moving average is $55.84 and its two-hundred day simple moving average is $45.06. The stock has a market capitalization of $4.87 billion, a P/E 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 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business earned $0.88 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts expect 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.