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 Monday, February 2nd. The shares were sold at an average price of $71.36, for a total value of $761,197.12. Following the completion of the transaction, the chief executive officer owned 17,575,211 shares of the company’s stock, valued at $1,254,167,056.96. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Urban Outfitters Trading Up 1.7%

URBN stock opened at $73.82 on Thursday. Urban Outfitters, Inc. has a one year low of $41.89 and a one year high of $84.35. The firm has a 50-day moving average of $75.67 and a two-hundred day moving average of $72.36. The firm has a market capitalization of $6.62 billion, a PE ratio of 13.93, a P/E/G ratio of 1.01 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (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, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on URBN. Citigroup raised their target price on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. The Goldman Sachs Group assumed coverage on shares of Urban Outfitters in a research report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price target for the company. Barclays upped their price objective on shares of Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $86.67.

Institutional Trading of Urban Outfitters

Several large investors have recently made changes to their positions in the stock. Broad Peak Investment Advisers Pte Ltd bought a new position in Urban Outfitters during the third quarter valued at about $5,917,000. Oak Harvest Investment Services increased its position in shares of Urban Outfitters by 203.1% during the third quarter. Oak Harvest Investment Services now owns 30,313 shares of the apparel retailer’s stock valued at $2,165,000 after purchasing an additional 20,313 shares during the period. Bank of Montreal Can raised its stake in shares of Urban Outfitters by 134.9% in the second quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock valued at $1,502,000 after purchasing an additional 11,894 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in Urban Outfitters in the second quarter worth $7,036,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Urban Outfitters by 18.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 74,923 shares of the apparel retailer’s stock worth $5,352,000 after buying an additional 11,552 shares in the last quarter. 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.