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 stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $70.20, for a total transaction of $748,823.40. Following the completion of the sale, the chief executive officer directly owned 17,643,927 shares of the company’s stock, valued at approximately $1,238,603,675.40. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Urban Outfitters Stock Performance

URBN opened at $70.29 on Wednesday. The stock has a market capitalization of $6.30 billion, a PE ratio of 13.26, a P/E/G ratio of 1.05 and a beta of 1.23. Urban Outfitters, Inc. has a one year low of $41.89 and a one year high of $84.35. The business’s 50 day moving average price is $74.19 and its 200 day moving average price is $72.41.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in Urban Outfitters during the 3rd quarter worth $25,000. Hollencrest Capital Management purchased a new position in shares of Urban Outfitters in the 2nd quarter valued at 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 buying an additional 282 shares in the last quarter. Spire Wealth Management increased its stake in shares of Urban Outfitters by 83.3% during the fourth quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after buying an additional 200 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in Urban Outfitters by 180.2% in the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 301 shares in the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on URBN. JPMorgan Chase & Co. decreased their target price on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday. The Goldman Sachs Group assumed coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price objective on the stock. Guggenheim started coverage on shares of Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Finally, Barclays upped their price target on Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.67.

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.