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

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $71.36, for a total value of $761,197.12. Following the sale, the chief executive officer directly owned 17,575,211 shares in the company, valued at $1,254,167,056.96. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN traded up $1.25 during midday trading on Wednesday, reaching $73.82. The company had a trading volume of 1,227,858 shares, compared to its average volume of 1,745,576. The company has a fifty day simple moving average of $75.74 and a two-hundred day simple moving average of $72.35. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.01 and a beta of 1.24. Urban Outfitters, Inc. has a 1-year low of $41.89 and a 1-year high of $84.35.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The firm had revenue of $1.53 billion for the quarter. Analysts expect that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Institutional Investors Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently modified their holdings of the business. Root Financial Partners LLC acquired a new stake in shares of Urban Outfitters in the third quarter worth about $25,000. Hollencrest Capital Management bought a new position in Urban Outfitters in the 2nd quarter worth approximately $26,000. Salomon & Ludwin LLC increased its position in Urban Outfitters by 58.4% during the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 149 shares during the period. Global Retirement Partners LLC grew its position in Urban Outfitters by 158.4% in the 3rd quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 282 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in shares of Urban Outfitters by 83.3% during the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Morgan Stanley lifted their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Barclays raised their target price on Urban Outfitters from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. Wall Street Zen downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.67.

Urban Outfitters Company Profile

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.