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 company’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $81.14, for a total transaction of $865,520.38. Following the transaction, the chief executive officer owned 17,835,933 shares of the company’s stock, valued at approximately $1,447,207,603.62. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Urban Outfitters Price Performance

URBN stock traded down $2.88 during trading on Tuesday, hitting $77.24. The stock had a trading volume of 1,329,637 shares, compared to its average volume of 2,130,322. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $83.94. The company’s 50-day moving average price is $70.09 and its two-hundred day moving average price is $71.63. The stock has a market capitalization of $6.93 billion, a P/E ratio of 14.57, a PEG ratio of 1.22 and a beta of 1.20.

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

Institutional Trading of Urban Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of URBN. IFP Advisors Inc purchased a new stake in shares of Urban Outfitters in the 3rd quarter valued at approximately $430,000. Cambria Investment Management L.P. boosted its position in shares of Urban Outfitters by 15.3% during the 3rd quarter. Cambria Investment Management L.P. now owns 15,694 shares of the apparel retailer’s stock worth $1,121,000 after purchasing an additional 2,088 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in Urban Outfitters in the 3rd quarter valued at approximately $466,000. Danske Bank A S purchased a new stake in Urban Outfitters in the third quarter valued at approximately $4,032,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Urban Outfitters by 11.9% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 84,500 shares of the apparel retailer’s stock worth $6,036,000 after buying an additional 9,000 shares during the period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on URBN. Morgan Stanley increased their target price on shares of Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. UBS Group increased their price objective on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Barclays boosted their target price on Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. Finally, Wells Fargo & Company boosted their price objective on Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

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.