Richard Hayne Sells 10,667 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $70.50, for a total value of $752,023.50. Following the completion of the transaction, the chief executive officer owned 17,449,385 shares in the company, valued at $1,230,181,642.50. This trade represents a 0.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Urban Outfitters Stock Performance

URBN traded down $2.45 during trading on Monday, hitting $65.90. The stock had a trading volume of 1,617,188 shares, compared to its average volume of 1,548,534. The firm has a market capitalization of $5.91 billion, a P/E ratio of 12.43, a PEG ratio of 0.95 and a beta of 1.24. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35. The company’s 50-day moving average price is $73.86 and its 200 day moving average price is $71.80.

Urban Outfitters (NASDAQ:URBN) last announced 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 during the quarter. As a group, equities analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on URBN. Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. dropped their price objective on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a report on Monday, December 29th. Guggenheim started coverage on Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. Finally, Robert W. Baird set a $93.00 target price on Urban Outfitters in a research note on Wednesday, December 17th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $86.67.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently modified their holdings of URBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Urban Outfitters by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after purchasing an additional 1,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Urban Outfitters by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after buying an additional 13,554 shares during the period. CWM LLC grew its holdings in Urban Outfitters by 22.6% in the 2nd quarter. CWM LLC now owns 5,698 shares of the apparel retailer’s stock worth $413,000 after buying an additional 1,052 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in Urban Outfitters by 180.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 301 shares during the period. Finally, Forum Financial Management LP bought a new stake in Urban Outfitters during the 2nd quarter valued at $259,000. Institutional investors and hedge funds 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.