Urban Outfitters (NASDAQ:URBN) CEO Richard Hayne Sells 10,667 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $71.17, for a total transaction of $759,170.39. Following the sale, the chief executive officer directly owned 17,611,926 shares of the company’s stock, valued at approximately $1,253,440,773.42. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Urban Outfitters Price Performance

Shares of URBN stock opened at $68.95 on Tuesday. The company’s fifty day moving average price is $74.77 and its two-hundred day moving average price is $72.36. The firm has a market capitalization of $6.18 billion, a P/E ratio of 13.01, a P/E/G ratio of 1.02 and a beta of 1.23. Urban Outfitters, Inc. has a 12 month low of $41.89 and a 12 month high of $84.35.

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

Hedge Funds Weigh In On Urban Outfitters

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 purchasing an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in 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 buying an additional 13,554 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in 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 buying an additional 395 shares during the last quarter. GAMMA Investing LLC increased its position in Urban Outfitters by 80.0% in the second quarter. GAMMA Investing LLC now owns 1,840 shares of the apparel retailer’s stock worth $133,000 after buying an additional 818 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in Urban Outfitters by 3.0% in the second quarter. Public Employees Retirement System of Ohio now owns 66,394 shares of the apparel retailer’s stock valued at $4,816,000 after buying an additional 1,923 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on URBN. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Robert W. Baird set a $93.00 target price on shares of Urban Outfitters in a research report on Wednesday, December 17th. JPMorgan Chase & Co. cut 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 note on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. Finally, Barclays upped their price objective on Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Eight equities research analysts have rated the stock with 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, Urban Outfitters presently has an average rating of “Hold” and an average price target of $86.67.

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.