Urban Outfitters (NASDAQ:URBN) CEO Sells $806,851.88 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of Urban Outfitters stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $75.64, for a total transaction of $806,851.88. Following the completion of the transaction, the chief executive officer directly owned 17,761,264 shares of the company’s stock, valued at $1,343,462,008.96. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Urban Outfitters Price Performance

Shares of NASDAQ URBN traded up $1.38 during midday trading on Monday, hitting $76.72. 2,668,668 shares of the company’s stock were exchanged, compared to its average volume of 2,127,884. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $83.94. The stock’s 50 day moving average price is $71.71 and its 200-day moving average price is $72.08. The firm has a market cap of $6.88 billion, a P/E ratio of 14.48, a PEG ratio of 1.13 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. The firm 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%. On average, analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on URBN shares. The Goldman Sachs Group initiated coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price objective for the company. Morgan Stanley boosted their price objective on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Guggenheim began coverage on Urban Outfitters in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Robert W. Baird set a $93.00 price objective on Urban Outfitters in a report on Wednesday, December 17th. Finally, Barclays upped their price objective on Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. One investment 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of URBN. Dimensional Fund Advisors LP lifted its position in shares of Urban Outfitters by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock valued at $262,578,000 after acquiring an additional 142,909 shares during the period. American Century Companies Inc. grew its position in Urban Outfitters by 23.1% in 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 in the last quarter. Fisher Asset Management LLC increased its position 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 valued at $131,997,000 after purchasing an additional 50,837 shares during the last quarter. Geode Capital Management LLC boosted its stake in Urban Outfitters by 0.9% in the second quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock valued at $110,646,000 after acquiring an additional 12,965 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Urban Outfitters by 59.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer’s stock worth $93,366,000 after purchasing an additional 477,909 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.