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

by · The Cerbat Gem

Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) CEO Richard Hayne sold 10,667 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $71.17, for a total value of $759,170.39. Following the completion of the sale, the chief executive officer directly owned 17,611,926 shares of the company’s stock, valued at $1,253,440,773.42. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Urban Outfitters Stock Up 2.3%

URBN stock traded up $1.56 on Monday, reaching $68.95. 1,570,453 shares of the company’s stock were exchanged, compared to its average volume of 2,012,916. The stock has a fifty day moving average of $74.61 and a 200-day moving average of $72.38. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35. The firm has a market cap of $6.18 billion, a PE ratio of 13.01, a P/E/G ratio of 1.02 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN – Get Free Report) last issued 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. On average, equities research analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on URBN. Citigroup increased their target price on shares of Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Guggenheim began coverage on Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating on the stock. The Goldman Sachs Group assumed coverage on Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. cut their price target on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Urban Outfitters has an average rating of “Hold” and a consensus target price of $86.67.

Check Out Our Latest Stock Report on URBN

Institutional Trading of Urban Outfitters

Institutional investors and hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in Urban Outfitters during the 3rd quarter worth about $25,000. Hollencrest Capital Management purchased a new stake in shares of Urban Outfitters during the second quarter worth about $26,000. Global Retirement Partners LLC grew its holdings in shares of Urban Outfitters by 158.4% during the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after buying an additional 282 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Urban Outfitters by 83.3% during the fourth quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 200 shares during the period. Finally, Richardson Financial Services Inc. boosted its position in Urban Outfitters by 90.3% during the fourth quarter. Richardson Financial Services Inc. now owns 432 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 205 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

(Get Free Report)

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.

Featured Stories