Urban Outfitters (NASDAQ:URBN) CFO Sells $460,275.00 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CFO Melanie Marein-Efron sold 5,700 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $80.75, for a total value of $460,275.00. Following the completion of the transaction, the chief financial officer directly owned 11,323 shares of the company’s stock, valued at approximately $914,332.25. This trade represents a 33.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Urban Outfitters Trading Down 1.9%

URBN traded down $1.54 on Tuesday, hitting $79.43. 1,242,610 shares of the company’s stock traded hands, compared to its average volume of 1,413,794. The company’s 50 day simple moving average is $75.02 and its 200-day simple moving average is $71.26. Urban Outfitters, Inc. has a one year low of $59.53 and a one year high of $85.43. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 1.27 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.72. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $1.58 EPS. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 6.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Urban Outfitters

Large investors have recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. purchased a new stake in Urban Outfitters in the 4th quarter worth about $27,000. Brown Brothers Harriman & Co. raised its holdings in shares of Urban Outfitters by 815.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after buying an additional 326 shares during the period. Allworth Financial LP bought a new stake in shares of Urban Outfitters during the 2nd quarter worth approximately $31,000. Transamerica Financial Advisors LLC lifted its stake in shares of Urban Outfitters by 566.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 374 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Urban Outfitters during the 4th quarter valued at $33,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on URBN. Wells Fargo & Company increased their price target on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Wall Street Zen downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, August 31st. UBS Group raised their target price on shares of Urban Outfitters from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Barclays upped their price target on shares of Urban Outfitters from $100.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Finally, Zacks Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $90.64.

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.