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

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of Urban Outfitters stock in a transaction on Monday, January 5th. The stock was sold at an average price of $76.57, for a total value of $816,772.19. Following the sale, the chief executive officer owned 17,739,930 shares of the company’s stock, valued at approximately $1,358,346,440.10. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Urban Outfitters Trading Down 1.5%

Shares of NASDAQ URBN traded down $1.21 during mid-day trading on Wednesday, reaching $79.56. The company had a trading volume of 1,266,457 shares, compared to its average volume of 1,964,889. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 1.15 and a beta of 1.23. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $83.94. The business’s 50-day moving average is $72.16 and its 200-day moving average is $72.23.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. The company had revenue of $1.53 billion during the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. As a group, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Institutional Investors Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Urban Outfitters in the third quarter valued at approximately $25,000. Hollencrest Capital Management acquired a new position in shares of Urban Outfitters during the second quarter worth $26,000. Global Retirement Partners LLC lifted its holdings in shares of Urban Outfitters by 158.4% during the 3rd quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 282 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Urban Outfitters by 180.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analysts Set New Price Targets

URBN has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Morgan Stanley raised their price target on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Citigroup upped their price objective on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, Barclays increased their target price on shares of Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Urban Outfitters currently has a consensus rating of “Moderate Buy” and a consensus target price 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.