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

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $71.13, for a total transaction of $758,743.71. Following the completion of the transaction, the chief executive officer directly owned 17,511,209 shares in the company, valued at approximately $1,245,572,296.17. The trade was a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Urban Outfitters Stock Down 3.2%

Urban Outfitters stock opened at $68.26 on Friday. The business has a 50-day simple moving average of $74.89 and a 200 day simple moving average of $72.19. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $84.35. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.98 and a beta of 1.24.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday, December 29th. Telsey Advisory Group reissued an “outperform” rating and issued a $98.00 target price on shares of Urban Outfitters in a research note on Tuesday, January 13th. The Goldman Sachs Group started coverage on Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating and a $83.00 price target for the company. Barclays increased their price objective on Urban Outfitters from $98.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and an average target price of $86.67.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors have recently bought and sold shares of the stock. DRW Securities LLC bought a new position in Urban Outfitters during the 4th quarter worth approximately $295,000. Cibc World Markets Corp bought a new position in shares of Urban Outfitters in the fourth quarter worth approximately $305,000. Renaissance Technologies LLC increased its stake in shares of Urban Outfitters by 68.0% in the fourth quarter. Renaissance Technologies LLC now owns 496,500 shares of the apparel retailer’s stock worth $37,367,000 after buying an additional 201,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in Urban Outfitters by 8.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,975,316 shares of the apparel retailer’s stock valued at $299,183,000 after buying an additional 299,380 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in Urban Outfitters during the 4th quarter valued at $779,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

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.