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 business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $75.64, for a total transaction of $806,851.88. Following the completion of the sale, the chief executive officer owned 17,761,264 shares in the company, valued at $1,343,462,008.96. This represents a 0.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Urban Outfitters Stock Up 1.8%

Shares of NASDAQ:URBN opened at $76.72 on Tuesday. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $83.94. The stock has a market capitalization of $6.88 billion, a P/E ratio of 14.48, a PEG ratio of 1.13 and a beta of 1.23. The firm has a fifty day simple moving average of $71.89 and a two-hundred day simple moving average of $72.14.

Urban Outfitters (NASDAQ:URBN) last announced 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 firm had revenue of $1.53 billion for the quarter. On average, analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Key Urban Outfitters News

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on URBN. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Zacks Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Barclays increased their target price on shares of Urban Outfitters from $89.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Wall Street Zen raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $89.00 to $96.00 and gave the company an “overweight” rating in a report 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. grew its stake in Urban Outfitters by 11.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock worth $97,000 after acquiring an additional 140 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Urban Outfitters by 8.0% in the fourth quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock valued at $157,000 after purchasing an additional 154 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Urban Outfitters by 1.6% in the third quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock valued at $749,000 after purchasing an additional 164 shares during the period. Diversified Trust Co grew its stake in Urban Outfitters by 0.9% in the second quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer’s stock worth $1,429,000 after purchasing an additional 185 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its holdings in Urban Outfitters by 1.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer’s stock worth $1,205,000 after purchasing an additional 198 shares during the period. Hedge funds and other 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.