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 stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $71.38, for a total value of $761,410.46. Following the transaction, the chief executive officer directly owned 17,665,261 shares in the company, valued at $1,260,946,330.18. The trade was a 0.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Urban Outfitters Price Performance

URBN stock opened at $70.57 on Friday. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35. The business has a 50-day moving average price of $73.75 and a 200 day moving average price of $72.50. The company has a market capitalization of $6.33 billion, a P/E ratio of 13.31, a PEG ratio of 1.06 and a beta of 1.23.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. upped their price objective on Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. UBS Group reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday. Citigroup boosted their target price on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, Morgan Stanley raised their price target on shares of Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.50.

Institutional Investors Weigh In On Urban Outfitters

A number of large investors have recently modified their holdings of URBN. Asset Management One Co. Ltd. increased its holdings in shares of Urban Outfitters by 11.7% during the second quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock valued at $97,000 after acquiring an additional 140 shares in the last quarter. GAMMA Investing LLC grew its position in Urban Outfitters by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock worth $157,000 after purchasing an additional 154 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Urban Outfitters by 1.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock valued at $749,000 after purchasing an additional 164 shares in the last quarter. Oliver Luxxe Assets LLC raised its holdings in shares of Urban Outfitters by 0.5% in the fourth quarter. Oliver Luxxe Assets LLC now owns 33,774 shares of the apparel retailer’s stock worth $2,542,000 after buying an additional 181 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in shares of Urban Outfitters by 0.9% during the second quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer’s stock worth $1,429,000 after buying an additional 185 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.