Leuthold Group LLC Invests $2.97 Million in Urban Outfitters, Inc. $URBN

Leuthold Group LLC purchased a new position in Urban Outfitters, Inc. (NASDAQ:URBN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 39,422 shares of the apparel retailer’s stock, valued at approximately $2,967,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its position in shares of Urban Outfitters by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,319 shares of the apparel retailer’s stock worth $927,000 after purchasing an additional 231 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Urban Outfitters in the 4th quarter worth $346,000. Swiss Life Asset Management Ltd bought a new position in shares of Urban Outfitters in the 4th quarter worth $411,000. Rezny Wealth Management Inc. boosted its position in shares of Urban Outfitters by 0.8% in the 4th quarter. Rezny Wealth Management Inc. now owns 28,900 shares of the apparel retailer’s stock worth $2,175,000 after purchasing an additional 241 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Urban Outfitters by 5.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 42,768 shares of the apparel retailer’s stock worth $3,219,000 after purchasing an additional 2,286 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

Insider Activity

In other Urban Outfitters news, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $70.50, for a total value of $657,976.50. Following the sale, the insider owned 1,933,859 shares of the company’s stock, valued at $136,337,059.50. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $752,023.50. Following the completion of the sale, the chief executive officer directly owned 17,449,385 shares in the company, valued at $1,230,181,642.50. This represents a 0.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 24,682 shares of company stock worth $1,738,208 in the last three months. Company insiders own 32.10% of the company’s stock.

Wall Street Analysts Forecast Growth

URBN has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $98.00 price objective on shares of Urban Outfitters in a research note on Thursday, February 26th. Wall Street Zen downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Wells Fargo & Company dropped their price objective on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.25.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock opened at $68.95 on Monday. The company has a market capitalization of $5.90 billion, a PE ratio of 13.60, a PEG ratio of 1.33 and a beta of 1.23. Urban Outfitters, Inc. has a 12 month low of $59.15 and a 12 month high of $84.35. The stock’s fifty day simple moving average is $67.19 and its 200 day simple moving average is $69.88.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.24 by $0.19. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. Urban Outfitters had a return on equity of 18.96% and a net margin of 7.54%.The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. Analysts predict that Urban Outfitters, Inc. will post 5.84 EPS for the current fiscal year.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.