Urban Outfitters (NASDAQ:URBN) CEO Sells $751,596.82 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $70.46, for a total value of $751,596.82. Following the sale, the chief executive officer owned 17,633,260 shares in the company, valued at approximately $1,242,439,499.60. This represents a 0.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Urban Outfitters Stock Down 3.2%

Shares of NASDAQ:URBN traded down $2.31 during midday trading on Thursday, hitting $69.55. The stock had a trading volume of 1,199,942 shares, compared to its average volume of 2,085,824. The company has a market cap of $6.24 billion, a P/E ratio of 13.12, a PEG ratio of 1.06 and a beta of 1.23. Urban Outfitters, Inc. has a 12 month low of $41.89 and a 12 month high of $84.35. The business’s 50-day simple moving average is $74.37 and its 200-day simple moving average is $72.41.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data 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 company had revenue of $1.53 billion during the quarter. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Urban Outfitters by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock worth $262,578,000 after acquiring an additional 142,909 shares during the period. American Century Companies Inc. lifted its stake in Urban Outfitters by 23.1% during the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock worth $205,654,000 after purchasing an additional 540,877 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Urban Outfitters by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock valued at $131,997,000 after purchasing an additional 50,837 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Urban Outfitters by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock valued at $110,646,000 after purchasing an additional 12,965 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Urban Outfitters by 59.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock worth $93,366,000 after buying an additional 477,909 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on URBN. Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a report on Monday, December 29th. Morgan Stanley upped their price target on shares of Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Wells Fargo & Company raised their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. Wall Street Zen raised Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. Finally, Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. 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 data from MarketBeat, Urban Outfitters currently has a consensus rating of “Hold” and a consensus price target of $86.67.

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.