Insider Selling: Urban Outfitters (NASDAQ:URBN) CEO Sells 10,667 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of Urban Outfitters stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $73.43, for a total transaction of $783,277.81. Following the sale, the chief executive officer directly owned 17,553,877 shares in the company, valued at approximately $1,288,981,188.11. This trade represents a 0.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded up $1.31 during mid-day trading on Friday, reaching $72.47. The company’s stock had a trading volume of 764,476 shares, compared to its average volume of 1,675,359. The stock has a 50-day moving average of $75.54 and a two-hundred day moving average of $72.35. The stock has a market capitalization of $6.50 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.02 and a beta of 1.24. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data 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 company had revenue of $1.53 billion during the quarter. Analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

URBN has been the subject of several analyst reports. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a report on Tuesday, January 13th. Barclays boosted their price target on shares of Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. 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. Guggenheim started coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $98.00 price target on shares of Urban Outfitters in a research note on Tuesday, January 13th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $86.67.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds have recently made changes to their positions in the stock. Jupiter Asset Management Ltd. raised its position in Urban Outfitters by 900.1% in the third quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock valued at $69,287,000 after purchasing an additional 873,008 shares during the period. Capital World Investors purchased a new stake in shares of Urban Outfitters in the 3rd quarter valued at $60,795,000. Norges Bank acquired a new position in Urban Outfitters during the 2nd quarter worth about $55,429,000. Balyasny Asset Management L.P. boosted its holdings in Urban Outfitters by 5,360.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after acquiring an additional 606,831 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Urban Outfitters by 23.1% during the 3rd quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after acquiring an additional 540,877 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.