Leuthold Group LLC Invests $2.76 Million in Urban Outfitters, Inc. (NASDAQ:URBN)

Leuthold Group LLC bought a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 67,289 shares of the apparel retailer’s stock, valued at approximately $2,762,000. Leuthold Group LLC owned 0.07% of Urban Outfitters at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Urban Outfitters by 5.0% in the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer’s stock valued at $349,736,000 after purchasing an additional 382,135 shares in the last quarter. American Century Companies Inc. grew its position in shares of Urban Outfitters by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after purchasing an additional 264,708 shares during the period. Goldman Sachs Group Inc. increased its stake in Urban Outfitters by 82.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,039,540 shares of the apparel retailer’s stock worth $37,101,000 after purchasing an additional 470,323 shares in the last quarter. Woodson Capital Management LP acquired a new stake in shares of Urban Outfitters during the first quarter worth $27,233,000. Finally, Norges Bank acquired a new stake in shares of Urban Outfitters in the 4th quarter valued at about $16,314,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

NASDAQ:URBN opened at $37.64 on Thursday. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 0.89 and a beta of 1.50. Urban Outfitters, Inc. has a fifty-two week low of $30.05 and a fifty-two week high of $48.90. The stock has a fifty day moving average price of $40.80 and a 200-day moving average price of $41.34.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.24. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. Urban Outfitters’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 earnings per share. Research analysts predict that Urban Outfitters, Inc. will post 3.63 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total value of $241,500.00. Following the transaction, the director now directly owns 565,296 shares of the company’s stock, valued at $27,303,796.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harry S. Cherken, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. Following the completion of the sale, the director now owns 565,296 shares in the company, valued at approximately $27,303,796.80. The disclosure for this sale can be found here. 31.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on URBN. UBS Group boosted their price objective on shares of Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Barclays dropped their price target on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. BMO Capital Markets decreased their price objective on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. Jefferies Financial Group dropped their price target on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $42.30.

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.