Urban Outfitters (NASDAQ:URBN) Stock Price Down 5.4% on Insider Selling

Urban Outfitters, Inc. (NASDAQ:URBN)’s stock price dropped 5.4% during trading on Friday after an insider sold shares in the company. The company traded as low as $67.87 and last traded at $67.84. Approximately 834,300 shares were traded during trading, a decline of 61% from the average daily volume of 2,153,022 shares. The stock had previously closed at $71.70.

Specifically, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total value of $70,120.00. Following the transaction, the director owned 14,250 shares in the company, valued at approximately $999,210. This trade represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on URBN shares. Wells Fargo & Company upped their price objective on shares of Urban Outfitters from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 28th. UBS Group upped their price target on shares of Urban Outfitters from $78.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, September 2nd. Baird R W raised Urban Outfitters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. Citigroup restated a “neutral” rating and set a $76.00 price objective (up previously from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. Finally, Morgan Stanley increased their target price on Urban Outfitters from $82.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $81.91.

Urban Outfitters Stock Performance

The stock has a market cap of $6.07 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.15 and a beta of 1.29. The firm’s fifty day simple moving average is $73.89 and its 200-day simple moving average is $63.91.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the firm posted $1.24 EPS. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Institutional Trading of Urban Outfitters

A number of large investors have recently bought and sold shares of URBN. Whipplewood Advisors LLC raised its position in shares of Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 463 shares in the last quarter. Hollencrest Capital Management acquired a new stake in Urban Outfitters during the second quarter worth approximately $26,000. Cullen Frost Bankers Inc. increased its holdings in Urban Outfitters by 180.2% in the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Urban Outfitters by 17,175.0% during the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock worth $36,000 after buying an additional 687 shares in the last quarter. Finally, Kilter Group LLC acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth approximately $36,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.