Leuthold Group LLC Sells 2,334 Shares of Urban Outfitters, Inc. (NASDAQ:URBN)

Leuthold Group LLC decreased its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,197 shares of the apparel retailer’s stock after selling 2,334 shares during the period. Leuthold Group LLC owned 0.07% of Urban Outfitters worth $3,413,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the period. Signaturefd LLC increased its position in shares of Urban Outfitters by 32.5% during the 3rd quarter. Signaturefd LLC now owns 2,954 shares of the apparel retailer’s stock valued at $113,000 after purchasing an additional 724 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Urban Outfitters by 80.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 139,361 shares of the apparel retailer’s stock worth $5,339,000 after purchasing an additional 62,343 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Urban Outfitters by 26.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,707 shares of the apparel retailer’s stock worth $142,000 after buying an additional 785 shares during the last quarter. Finally, James Investment Research Inc. grew its position in Urban Outfitters by 33.2% during the third quarter. James Investment Research Inc. now owns 10,521 shares of the apparel retailer’s stock valued at $403,000 after buying an additional 2,620 shares during the period. Institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Bank of America lifted 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. Wells Fargo & Company lifted 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. Telsey Advisory Group reissued a “market perform” rating and set a $56.00 price objective on shares of Urban Outfitters in a report on Wednesday. Barclays boosted their target price on Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price target for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $53.64.

Urban Outfitters Stock Down 3.5 %

URBN stock opened at $52.80 on Friday. The stock has a 50-day simple moving average of $55.84 and a two-hundred day simple moving average of $45.02. Urban Outfitters, Inc. has a twelve month low of $33.86 and a twelve month high of $60.90. The firm has a market capitalization of $4.87 billion, a PE 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 data on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company earned $0.88 earnings per share. Urban Outfitters’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the sale, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 31.80% of the company’s stock.

Urban Outfitters 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.