Leuthold Group LLC Purchases Shares of 67,289 Urban Outfitters, Inc. (NASDAQ:URBN)

Leuthold Group LLC bought a new stake in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 67,289 shares of the apparel retailer's stock, valued at approximately $2,762,000. Leuthold Group LLC owned about 0.07% of Urban Outfitters at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in URBN. Parallel Advisors LLC lifted its position in Urban Outfitters by 89.7% during the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 417 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Urban Outfitters during the second quarter valued at $48,000. Innealta Capital LLC purchased a new position in Urban Outfitters during the second quarter valued at $70,000. CWM LLC lifted its position in Urban Outfitters by 165.6% during the second quarter. CWM LLC now owns 2,085 shares of the apparel retailer's stock valued at $86,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Urban Outfitters by 15.5% during the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer's stock valued at $92,000 after purchasing an additional 299 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the company's stock in a transaction on Friday, July 12th. The stock was sold at an average price of $48.30, for a total transaction 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 SEC, which is accessible through the SEC website. In other news, Director Harry S. Cherken, Jr. sold 5,000 shares of the company's stock in a transaction on Friday, July 12th. The stock was sold at an average price of $48.30, for a total transaction 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 SEC, which is accessible through the SEC website. Also, CEO Tricia D. Smith sold 11,730 shares of the company's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The disclosure for this sale can be found here. Insiders own 31.80% of the company's stock.

Urban Outfitters Stock Down 0.3 %

NASDAQ URBN traded down $0.12 during trading hours on Thursday, hitting $37.52. 1,908,173 shares of the company were exchanged, compared to its average volume of 1,754,649. The stock has a 50-day moving average price of $40.66 and a 200 day moving average price of $41.32. Urban Outfitters, Inc. has a 52 week low of $30.05 and a 52 week high of $48.90. The stock has a market cap of $3.46 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.24. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. As a group, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Morgan Stanley lowered their target price on Urban Outfitters from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 22nd. Telsey Advisory Group cut Urban Outfitters from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $49.00 to $44.00 in a report on Thursday, August 22nd. Jefferies Financial Group decreased their price target on Urban Outfitters from $35.00 to $34.00 and set an "underperform" rating on the stock in a report on Thursday, August 22nd. StockNews.com cut Urban Outfitters from a "buy" rating to a "hold" rating in a report on Tuesday, June 18th. Finally, Wells Fargo & Company reduced their target price on Urban Outfitters from $48.00 to $40.00 and set an "equal weight" rating on the stock in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $42.30.

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.