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 the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $70.46, for a total transaction of $751,596.82. Following the transaction, the chief executive officer owned 17,633,260 shares in the company, valued at approximately $1,242,439,499.60. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Urban Outfitters Trading Down 3.1%

NASDAQ URBN opened at $67.39 on Friday. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35. The firm’s fifty day simple moving average is $74.61 and its 200-day simple moving average is $72.37. The company has a market capitalization of $6.04 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data 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 firm had revenue of $1.53 billion during the quarter. As a group, analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on URBN shares. Robert W. Baird set a $93.00 price objective on shares of Urban Outfitters in a research report on Wednesday, December 17th. Wall Street Zen downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday. 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 $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.67.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Urban Outfitters by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after acquiring an additional 1,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Urban Outfitters by 10.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after purchasing an additional 13,554 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Urban Outfitters by 5.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,968 shares of the apparel retailer’s stock worth $586,000 after purchasing an additional 395 shares during the last quarter. GAMMA Investing LLC boosted its stake in Urban Outfitters by 80.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,840 shares of the apparel retailer’s stock valued at $133,000 after purchasing an additional 818 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Urban Outfitters in the 2nd quarter valued at approximately $427,000. 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.