Insider Selling: Urban Outfitters (NASDAQ:URBN) CEO Sells $783,277.81 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $73.43, for a total value of $783,277.81. Following the transaction, the chief executive officer owned 17,553,877 shares in the company, valued at approximately $1,288,981,188.11. 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 available at this hyperlink.

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $72.47 on Monday. The business has a fifty day moving average price of $75.51 and a two-hundred day moving average price of $72.28. The stock has a market capitalization of $6.50 billion, a PE ratio of 13.67, a P/E/G ratio of 1.00 and a beta of 1.24. Urban Outfitters, Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $84.35.

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

Institutional Investors Weigh In On Urban Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Urban Outfitters by 4.6% in 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 raised its holdings in Urban Outfitters by 10.5% in 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 valued at $7,476,000 after buying an additional 13,554 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Urban Outfitters by 32.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 27,584 shares of the apparel retailer’s stock worth $2,001,000 after buying an additional 6,698 shares during the period. DAVENPORT & Co LLC bought a new stake in Urban Outfitters during the 2nd quarter worth approximately $348,000. Finally, KLP Kapitalforvaltning AS grew its holdings in Urban Outfitters by 7.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 12,600 shares of the apparel retailer’s stock worth $914,000 after acquiring an additional 900 shares during the last quarter. Institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

URBN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Barclays boosted their price objective on shares of Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Guggenheim initiated coverage on Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Morgan Stanley raised their target price on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Finally, Citigroup boosted their price target on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.