Richard Hayne Sells 2,074 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 2,074 shares of the company’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $70.00, for a total transaction of $145,180.00. Following the transaction, the chief executive officer owned 17,609,852 shares of the company’s stock, valued at $1,232,689,640. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Urban Outfitters Trading Up 0.5%

NASDAQ:URBN traded up $0.36 during mid-day trading on Thursday, hitting $69.97. 926,084 shares of the company’s stock were exchanged, compared to its average volume of 1,850,964. Urban Outfitters, Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $84.35. The firm has a market capitalization of $6.27 billion, a P/E ratio of 13.20, a PEG ratio of 1.06 and a beta of 1.23. The company has a 50 day simple moving average of $75.14 and a 200-day simple moving average of $72.32.

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

Institutional Investors Weigh In On Urban Outfitters

Institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in Urban Outfitters during the third quarter worth about $25,000. Hollencrest Capital Management bought a new stake in shares of Urban Outfitters in the second quarter valued at approximately $26,000. Salomon & Ludwin LLC lifted its stake in shares of Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 149 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Urban Outfitters by 158.4% in the 3rd quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after buying an additional 282 shares during the period. Finally, Spire Wealth Management grew its stake in Urban Outfitters by 83.3% in the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on URBN. UBS Group reissued a “neutral” rating on shares of Urban Outfitters in a research report on Tuesday, January 13th. Morgan Stanley upped their price objective on Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lowered their target price on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a report on Wednesday, December 17th. Finally, Zacks Research downgraded shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters presently has a consensus rating of “Hold” and an average price target of $86.67.

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.