Urban Outfitters, Inc. (URBN) Director Joel S. Lawson III Sells 20,000 Shares of Stock
Urban Outfitters, Inc. (NASDAQ:URBN) Director Joel S. Lawson III sold 20,000 shares of the stock in a transaction on Friday, April 13th. The stock was sold at an average price of $38.69, for a total value of $773,800.00. Following the completion of the transaction, the director now directly owns 27,000 shares of the company’s stock, valued at approximately $1,044,630. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ:URBN opened at $39.61 on Tuesday. Urban Outfitters, Inc. has a 1-year low of $16.19 and a 1-year high of $39.79. The firm has a market capitalization of $4,226.16, a P/E ratio of 23.72, a P/E/G ratio of 1.43 and a beta of 0.54.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 EPS. research analysts expect that Urban Outfitters, Inc. will post 2.27 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in URBN. Trust Co. of Vermont purchased a new stake in Urban Outfitters in the 4th quarter worth about $110,000. State of Alaska Department of Revenue purchased a new stake in Urban Outfitters in the 4th quarter worth about $175,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Urban Outfitters by 42.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after acquiring an additional 1,522 shares in the last quarter. BRYN MAWR TRUST Co purchased a new stake in Urban Outfitters in the 4th quarter worth about $207,000. Finally, Shelton Capital Management purchased a new stake in Urban Outfitters in the 4th quarter worth about $234,000. 76.50% of the stock is owned by hedge funds and other institutional investors.
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About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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