Insider Selling: Urban Outfitters (NASDAQ:URBN) CEO Sells $175,039.70 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 2,497 shares of Urban Outfitters stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $70.10, for a total value of $175,039.70. Following the completion of the sale, the chief executive officer owned 17,460,052 shares in the company, valued at $1,223,949,645.20. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded down $2.45 during mid-day trading on Monday, reaching $65.90. 1,617,188 shares of the company’s stock were exchanged, compared to its average volume of 1,548,534. The company’s 50-day moving average is $73.86 and its 200-day moving average is $71.80. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.95 and a beta of 1.24. Urban Outfitters, Inc. has a 52-week low of $41.89 and a 52-week high of $84.35.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 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 for the quarter. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Institutional Trading of Urban Outfitters

Hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Urban Outfitters by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock worth $1,977,000 after acquiring an additional 1,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Urban Outfitters by 10.5% during the 1st 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 purchasing an additional 13,554 shares during the last quarter. CWM LLC grew its stake in shares of Urban Outfitters by 22.6% during the second quarter. CWM LLC now owns 5,698 shares of the apparel retailer’s stock worth $413,000 after purchasing an additional 1,052 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in Urban Outfitters by 180.2% in the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 301 shares during the last quarter. Finally, Forum Financial Management LP purchased a new position in Urban Outfitters in the second quarter valued at $259,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analyst Weigh In

URBN has been the topic of a number of research analyst reports. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. UBS Group reiterated a “neutral” rating on shares of Urban Outfitters in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. JPMorgan Chase & Co. dropped their target price on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Finally, Barclays increased their price target on shares of Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average 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.