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 firm’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $76.28, for a total value of $813,678.76. Following the sale, the chief executive officer directly owned 17,782,598 shares in the company, valued at $1,356,456,575.44. The trade was a 0.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Urban Outfitters Price Performance

Shares of Urban Outfitters stock opened at $75.26 on Friday. The company has a market capitalization of $6.75 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.13 and a beta of 1.23. The business has a 50-day moving average of $71.56 and a two-hundred day moving average of $72.01. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $83.94.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on URBN shares. Barclays raised their price objective on shares of Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Wall Street Zen downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group began coverage on Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price target on the stock. UBS Group increased their price objective on Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, Morgan Stanley boosted their target price on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Urban Outfitters currently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of Urban Outfitters during the 3rd quarter worth approximately $25,000. Hollencrest Capital Management bought a new position in shares of Urban Outfitters in the second quarter valued at $26,000. Global Retirement Partners LLC grew its stake in shares of Urban Outfitters by 158.4% in the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 282 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in Urban Outfitters by 180.2% during the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after buying an additional 301 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Urban Outfitters by 125.1% during the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 274 shares in the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

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.