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

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $74.94, for a total transaction of $799,384.98. Following the completion of the sale, the chief executive officer directly owned 17,750,597 shares of the company’s stock, valued at $1,330,229,739.18. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $76.72 on Tuesday. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $83.94. The firm has a market cap of $6.88 billion, a PE ratio of 14.48, a P/E/G ratio of 1.13 and a beta of 1.23. The firm’s 50 day moving average price is $71.89 and its two-hundred day moving average price is $72.14.

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

Analyst Ratings Changes

URBN has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. The Goldman Sachs Group assumed coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 target price for the company. Robert W. Baird set a $93.00 target price on shares of Urban Outfitters in a research report on Wednesday, December 17th. Guggenheim began coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Finally, Morgan Stanley upped their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Trending Headlines about Urban Outfitters

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

• Positive Sentiment: Analyst/market piece says Urban Outfitters’ returns on capital are rising, signaling better capital efficiency and stronger profit generation — a fundamental positive that can support a higher multiple and investor enthusiasm. Urban Outfitters’ (NASDAQ:URBN) Returns On Capital Are Heading Higher
• Neutral Sentiment: Recent commentary notes URBN has rallied roughly 31% over the past year — positive momentum that can attract momentum/trend-following flows but also raises questions about near-term valuation. Urban Outfitters Insider Sells $1.4 Million in Stock With Shares Up 31% This Past Year
• Negative Sentiment: Multiple insiders (CEO Richard A. Hayne and Margaret Hayne) disclosed sales totaling about ~20,000 shares across Dec. 31 and Jan. 2 (roughly $1.4M combined); while headline-grabbing, the transactions represent very small percentage reductions of their large holdings and are likely routine (liquidity/taxes/diversification) rather than a signal of business deterioration. SEC filing: Insider ownership filing

Institutional Trading of Urban Outfitters

Several large investors have recently modified their holdings of URBN. Jupiter Asset Management Ltd. raised its holdings in Urban Outfitters by 900.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock worth $69,287,000 after acquiring an additional 873,008 shares during the period. Capital World Investors acquired a new stake in shares of Urban Outfitters in the third quarter valued at about $60,795,000. Norges Bank acquired a new position in shares of Urban Outfitters during the 2nd quarter worth about $55,429,000. Balyasny Asset Management L.P. lifted its position in shares of Urban Outfitters by 5,360.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock worth $44,155,000 after purchasing an additional 606,831 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Urban Outfitters by 23.1% during the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after purchasing an additional 540,877 shares during the period. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Company Profile

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.