Urban Outfitters (NASDAQ:URBN) CEO Richard Hayne Sells 3,304 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 3,304 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $70.05, for a total value of $231,445.20. Following the completion of the sale, the chief executive officer directly owned 17,606,548 shares of the company’s stock, valued at approximately $1,233,338,687.40. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Urban Outfitters Price Performance

URBN traded up $0.36 during mid-day trading on Thursday, hitting $69.97. The stock had a trading volume of 926,084 shares, compared to its average volume of 1,850,964. The stock’s fifty day simple moving average is $75.14 and its 200-day simple moving average is $72.32. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 1.06 and a beta of 1.23. 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 results 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 net margin of 8.15% and a return on equity of 18.33%. As a group, research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Urban Outfitters

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in Urban Outfitters by 4.0% during the third 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 in the last quarter. American Century Companies Inc. increased its position in shares of 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 worth $205,654,000 after purchasing an additional 540,877 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Urban Outfitters by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock worth $131,997,000 after purchasing an additional 50,837 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 buying an additional 12,965 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Urban Outfitters by 59.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock valued at $93,366,000 after buying an additional 477,909 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on URBN. JPMorgan Chase & Co. dropped their price target on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Barclays upped their price target on shares of Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Telsey Advisory Group reiterated an “outperform” rating and set a $98.00 target price on shares of Urban Outfitters in a report on Tuesday, January 13th. Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Wells Fargo & Company boosted their price target on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. 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, the stock currently has a consensus rating of “Hold” and an average target price 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.