Urban Outfitters (NASDAQ:URBN) CEO Sells $880,347.51 in 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 Wednesday, December 17th. The stock was sold at an average price of $82.53, for a total transaction of $880,347.51. Following the sale, the chief executive officer directly owned 17,857,267 shares of the company’s stock, valued at approximately $1,473,760,245.51. The trade was a 0.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Urban Outfitters Trading Down 0.9%

NASDAQ URBN traded down $0.73 during trading hours on Friday, reaching $81.33. 2,195,964 shares of the company’s stock were exchanged, compared to its average volume of 2,136,542. The firm has a fifty day moving average of $69.61 and a 200-day moving average of $71.50. Urban Outfitters, Inc. has a one year low of $41.89 and a one year high of $83.94. The stock has a market cap of $7.29 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20.

Urban Outfitters (NASDAQ:URBN – Get Free Report) last posted its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The company had revenue of $1.53 billion for the quarter. As a group, research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup boosted their target price on Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. UBS Group lifted their price objective on Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. The Goldman Sachs Group assumed coverage on shares of Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 target price on the stock. Wall Street Zen lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Bank of America boosted their price target on shares of Urban Outfitters from $90.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Urban Outfitters currently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Get Our Latest Research Report on Urban Outfitters

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC acquired a new stake in shares of Urban Outfitters in the first quarter valued at approximately $241,000. Bank of Montreal Can grew its position in Urban Outfitters by 134.9% in the second quarter. Bank of Montreal Can now owns 20,709 shares of the apparel retailer’s stock valued at $1,502,000 after purchasing an additional 11,894 shares in the last quarter. FORA Capital LLC increased its stake in Urban Outfitters by 88.9% in the 1st quarter. FORA Capital LLC now owns 8,566 shares of the apparel retailer’s stock valued at $449,000 after buying an additional 4,032 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in Urban Outfitters during the 1st quarter worth about $1,253,000. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Urban Outfitters during the 2nd quarter worth about $7,036,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

About Urban Outfitters

(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