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

Leeward Investments LLC MA decreased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 6.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 120,602 shares of the apparel retailer’s stock after selling 7,739 shares during the period. Leeward Investments LLC MA owned about 0.14% of Urban Outfitters worth $9,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in Urban Outfitters in the 2nd quarter worth $33,414,000. Y Intercept Hong Kong Ltd raised its stake in shares of Urban Outfitters by 110.1% during the first quarter. Y Intercept Hong Kong Ltd now owns 100,480 shares of the apparel retailer’s stock valued at $6,365,000 after acquiring an additional 52,645 shares during the last quarter. Engineers Gate Manager LP raised its stake in shares of Urban Outfitters by 211.4% during the second quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer’s stock valued at $30,344,000 after acquiring an additional 290,698 shares during the last quarter. Legal & General Group Plc purchased a new stake in Urban Outfitters in the 2nd quarter worth approximately $9,288,000. Finally, Hsbc Holdings PLC purchased a new stake in Urban Outfitters in the second quarter worth $1,613,000. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Shares of URBN opened at $86.55 on Monday. The firm 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 firm has a fifty day simple moving average of $79.37 and a two-hundred day simple moving average of $74.90. Urban Outfitters, Inc. has a 1-year low of $59.53 and a 1-year high of $90.59.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, meeting analysts’ consensus estimates of $1.72. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. Urban Outfitters’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts forecast that Urban Outfitters, Inc. will post 6.20 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on URBN shares. Barclays raised their price objective on shares of Urban Outfitters from $100.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Citigroup restated a “neutral” rating on shares of Urban Outfitters in a report on Friday, August 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $90.00 price target on shares of Urban Outfitters in a research report on Thursday, August 27th. UBS Group upped their price target on shares of Urban Outfitters from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Finally, Jefferies Financial Group increased their price objective on shares of Urban Outfitters from $72.00 to $79.00 and gave the company a “hold” rating in a research report on Wednesday, August 12th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.54.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,700 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the sale, the chief financial officer directly owned 11,323 shares in the company, valued at $914,332.25. The trade was a 33.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $87.06, for a total transaction of $435,300.00. Following the sale, the director directly owned 494,315 shares of the company’s stock, valued at $43,035,063.90. The trade was a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,200 shares of company stock worth $1,161,400 in the last three months. 32.10% of the stock is currently owned by company insiders.

About Urban Outfitters

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.