Urban Outfitters (NASDAQ:URBN) CEO Sells $816,772.19 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of Urban Outfitters stock in a transaction on Monday, January 5th. The shares were sold at an average price of $76.57, for a total value of $816,772.19. Following the sale, the chief executive officer directly owned 17,739,930 shares of the company’s stock, valued at $1,358,346,440.10. This represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Urban Outfitters Price Performance

Shares of URBN opened at $81.56 on Friday. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35. The company has a market capitalization of $7.31 billion, a P/E ratio of 15.39, a P/E/G ratio of 1.23 and a beta of 1.23. The firm’s 50 day simple moving average is $73.08 and its 200 day simple moving average is $72.45.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 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, equities analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Institutional Investors Weigh In On Urban Outfitters

Large investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Urban Outfitters during the first quarter worth about $1,978,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Urban Outfitters by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after purchasing an additional 1,653 shares during the last quarter. Sciencast Management LP bought a new position in Urban Outfitters during the 1st quarter valued at approximately $1,794,000. Caxton Associates LLP purchased a new stake in Urban Outfitters in the 1st quarter worth approximately $1,342,000. Finally, Empowered Funds LLC grew its position in shares of Urban Outfitters by 28.4% in the 1st quarter. Empowered Funds LLC now owns 197,660 shares of the apparel retailer’s stock worth $10,357,000 after buying an additional 43,663 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. UBS Group boosted their target price on Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Wells Fargo & Company boosted their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Guggenheim assumed coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Barclays boosted their price target on shares of Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. One investment 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 company. According to data from MarketBeat, Urban Outfitters currently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

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.