Richard Hayne Sells 10,667 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the business’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $74.94, for a total transaction of $799,384.98. Following the transaction, the chief executive officer owned 17,995,938 shares in the company, valued at $1,348,615,593.72. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Urban Outfitters Trading Up 0.1%

Shares of URBN opened at $78.36 on Wednesday. The company’s fifty day simple moving average is $67.80 and its 200-day simple moving average is $70.67. The company has a market cap of $7.03 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.04 and a beta of 1.28. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $80.71.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 25th. The apparel retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm posted $1.10 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. Analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Urban Outfitters in a research note on Monday. Wall Street Zen lowered shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 27th. Bank of America raised their price target on shares of Urban Outfitters from $90.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, Wells Fargo & Company boosted their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Moderate Buy” and an average target price of $85.36.

Institutional Trading of Urban Outfitters

Several institutional investors and hedge funds have recently made changes to their positions in URBN. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Urban Outfitters by 21.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,912 shares of the apparel retailer’s stock worth $939,000 after acquiring an additional 3,191 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Urban Outfitters by 17,175.0% in the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 687 shares during the period. GSA Capital Partners LLP lifted its position in shares of Urban Outfitters by 2.0% in the 1st quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer’s stock worth $545,000 after purchasing an additional 203 shares during the period. Vestcor Inc bought a new position in shares of Urban Outfitters during the first quarter valued at approximately $343,000. Finally, Natixis Advisors LLC increased its holdings in Urban Outfitters by 55.3% during the first quarter. Natixis Advisors LLC now owns 23,976 shares of the apparel retailer’s stock valued at $1,256,000 after buying an additional 8,542 shares during the period. 77.61% of the stock is currently owned by institutional investors.

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.