Leeward Investments LLC MA Sells 2,514 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Leeward Investments LLC MA lessened its holdings in Urban Outfitters, Inc. (NASDAQ:URBN) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 319,836 shares of the apparel retailer’s stock after selling 2,514 shares during the period. Leeward Investments LLC MA owned approximately 0.34% of Urban Outfitters worth $11,415,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of URBN. Adage Capital Partners GP L.L.C. bought a new position in Urban Outfitters during the third quarter valued at $11,442,000. Assenagon Asset Management S.A. bought a new position in Urban Outfitters during the third quarter valued at $8,032,000. Tudor Investment Corp Et Al increased its position in Urban Outfitters by 2,657.9% during the third quarter. Tudor Investment Corp Et Al now owns 232,603 shares of the apparel retailer’s stock valued at $7,604,000 after acquiring an additional 224,169 shares during the last quarter. Qube Research & Technologies Ltd increased its position in Urban Outfitters by 63.5% during the third quarter. Qube Research & Technologies Ltd now owns 519,544 shares of the apparel retailer’s stock valued at $16,984,000 after acquiring an additional 201,821 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Urban Outfitters by 25.4% during the third quarter. American Century Companies Inc. now owns 940,165 shares of the apparel retailer’s stock valued at $30,734,000 after acquiring an additional 190,677 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Insider Activity

In other news, insider Azeez Hayne sold 2,878 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $40.75, for a total transaction of $117,278.50. Following the transaction, the insider now owns 2,878 shares in the company, valued at $117,278.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Azeez Hayne sold 2,878 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $40.75, for a total transaction of $117,278.50. Following the transaction, the insider now owns 2,878 shares in the company, valued at $117,278.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Melanie Marein-Efron sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total transaction of $244,320.00. Following the transaction, the chief financial officer now owns 908 shares in the company, valued at approximately $36,973.76. The disclosure for this sale can be found here. Insiders have sold a total of 18,473 shares of company stock worth $757,483 over the last 90 days. 31.80% of the stock is currently owned by corporate insiders.

Urban Outfitters Price Performance

Urban Outfitters stock traded up $1.75 during trading hours on Friday, reaching $40.53. The stock had a trading volume of 1,851,042 shares, compared to its average volume of 1,753,271. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.62 and a beta of 1.53. The business’s 50 day moving average price is $41.57 and its 200-day moving average price is $38.34. Urban Outfitters, Inc. has a 52 week low of $25.69 and a 52 week high of $47.29.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share. On average, sell-side analysts forecast that Urban Outfitters, Inc. will post 3.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on URBN shares. Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. UBS Group boosted their target price on shares of Urban Outfitters from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, March 5th. Jefferies Financial Group lowered shares of Urban Outfitters from a “hold” rating to an “underperform” rating and lowered their target price for the company from $42.00 to $32.00 in a research note on Wednesday, April 17th. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets boosted their target price on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.67.

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.