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

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $76.57, for a total transaction of $816,772.19. Following the completion of the sale, the chief executive officer owned 17,793,265 shares of the company’s stock, valued at approximately $1,362,430,301.05. The trade was a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Urban Outfitters Stock Down 0.8%

Shares of URBN opened at $76.43 on Tuesday. The stock’s 50-day moving average price is $71.12 and its 200 day moving average price is $71.91. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.16 and a beta of 1.20. Urban Outfitters, Inc. has a 12-month low of $41.89 and a 12-month high of $83.94.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. The company had revenue of $1.53 billion for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%. Equities research analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

More Urban Outfitters News

Here are the key news stories impacting Urban Outfitters this week:

• Neutral Sentiment: Insider transactions disclosed to the SEC — filings show the trades and remaining holdings (links to the SEC filing). SEC Ownership Filing
• Negative Sentiment: CEO Richard A. Hayne sold 21,334 shares across Dec. 24 and Dec. 26 for roughly $1.645M in proceeds (avg prices ~$77.68 and $76.57). He still holds ~17.8M shares, but CEO sales can signal near-term profit-taking and pressure sentiment. Richard A. Hayne Insider Trades
• Negative Sentiment: Insider Margaret Hayne sold 18,666 shares across the same dates for roughly $1.440M in proceeds (avg prices ~$77.68 and $76.57). While her remaining stake is sizable, the sales contribute to negative near-term headline risk. Margaret Hayne Insider Trades
• Negative Sentiment: Analyst action: Wall Street Zen cut URBN to “Hold,” which can reduce buying enthusiasm from investors who follow analyst guidance. Urban Outfitters Cut to Hold at Wall Street Zen

Analyst Upgrades and Downgrades

URBN has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Barclays increased their price target on shares of Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Telsey Advisory Group upgraded Urban Outfitters from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $85.00 to $98.00 in a research note on Wednesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Urban Outfitters presently has an average rating of “Moderate Buy” and an average target price of $86.50.

Hedge Funds Weigh In On Urban Outfitters

Several institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new position in Urban Outfitters during the 1st quarter worth about $241,000. Raymond James Financial Inc. raised its stake in shares of Urban Outfitters by 879.2% in the first quarter. Raymond James Financial Inc. now owns 91,461 shares of the apparel retailer’s stock worth $4,793,000 after acquiring an additional 82,121 shares during the last quarter. Ieq Capital LLC lifted its position in shares of Urban Outfitters by 20.3% during the first quarter. Ieq Capital LLC now owns 13,235 shares of the apparel retailer’s stock worth $694,000 after purchasing an additional 2,233 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Urban Outfitters during the first quarter worth approximately $477,000. Finally, State of Wyoming grew its stake in shares of Urban Outfitters by 17.2% during the first quarter. State of Wyoming now owns 3,309 shares of the apparel retailer’s stock valued at $173,000 after purchasing an additional 486 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.