Leuthold Group LLC Lowers Stock Holdings in Urban Outfitters, Inc. (NASDAQ:URBN)

Leuthold Group LLC lowered its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,197 shares of the apparel retailer’s stock after selling 2,334 shares during the period. Leuthold Group LLC’s holdings in Urban Outfitters were worth $3,413,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Urban Outfitters by 138.8% in the 3rd quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 354 shares in the last quarter. GAMMA Investing LLC boosted its position in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 202 shares during the period. Asset Management One Co. Ltd. bought a new position in shares of Urban Outfitters during the third quarter valued at about $47,000. Quarry LP grew its stake in shares of Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock valued at $47,000 after buying an additional 298 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of 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 buying an additional 594 shares during the period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the sale, the director now owns 510,296 shares in the company, valued at approximately $29,245,063.76. The trade was a 9.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 31.80% of the company’s stock.

Urban Outfitters Trading Down 3.5 %

Shares of NASDAQ URBN opened at $52.80 on Friday. The firm has a fifty day simple moving average of $55.84 and a two-hundred day simple moving average of $45.02. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $60.90. The firm has a market capitalization of $4.87 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. Urban Outfitters’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on URBN. Robert W. Baird increased their target price on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. UBS Group increased their price objective on Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. lifted their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Wells Fargo & Company raised their price target on shares of Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $53.64.

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.