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 Urban Outfitters stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $79.71, for a total transaction of $850,266.57. Following the completion of the sale, the chief executive officer owned 17,718,596 shares of the company’s stock, valued at $1,412,349,287.16. This represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Urban Outfitters Stock Down 0.2%

Shares of Urban Outfitters stock opened at $81.56 on Friday. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35. The company’s 50 day moving average is $73.08 and its 200 day moving average is $72.47. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23.

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

Institutional Trading of Urban Outfitters

Several institutional investors and hedge funds have recently modified their holdings of URBN. Root Financial Partners LLC bought a new position in Urban Outfitters in the 3rd quarter worth $25,000. Hollencrest Capital Management bought a new position in shares of Urban Outfitters in the second quarter worth about $26,000. Global Retirement Partners LLC grew its position in shares of Urban Outfitters by 158.4% during the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 282 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in shares of 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 purchasing an additional 301 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Urban Outfitters by 125.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 274 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

URBN has been the subject of several research reports. UBS Group upped their price target on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Telsey Advisory Group raised shares of Urban Outfitters from a “market perform” rating to an “outperform” rating and upped their target price for the company from $85.00 to $98.00 in a report on Wednesday, December 17th. Wells Fargo & Company lifted their price target on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” 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 report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. raised their target price on Urban Outfitters from $89.00 to $96.00 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 issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.