Insider Selling: Urban Outfitters (NASDAQ:URBN) Director Sells 5,000 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) Director Harry Cherken, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $92.12, for a total value of $460,600.00. Following the completion of the transaction, the director directly owned 489,315 shares in the company, valued at approximately $45,075,697.80. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Urban Outfitters Stock Performance

NASDAQ URBN traded down $1.78 on Monday, reaching $88.94. 1,251,325 shares of the stock traded hands, compared to its average volume of 1,341,609. The company has a fifty day moving average price of $80.86 and a 200-day moving average price of $73.12. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.42 and a beta of 1.22. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $93.64.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.72. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 EPS. As a group, research analysts anticipate that Urban Outfitters, Inc. will post 6.20 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. BMO Capital Markets started coverage on shares of Urban Outfitters in a report on Tuesday, September 8th. They set a “market perform” rating and a $80.00 target price on the stock. Barclays boosted their price target on shares of Urban Outfitters from $100.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Wall Street Zen cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, August 31st. Wells Fargo & Company increased their price objective on shares of Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Finally, Morgan Stanley reissued an “overweight” rating and set a $90.00 price objective on shares of Urban Outfitters in a report on Thursday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Urban Outfitters presently has a consensus rating of “Moderate Buy” and an average target price of $90.54.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund lifted its position in shares of Urban Outfitters by 11.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 12,919 shares of the apparel retailer’s stock valued at $987,000 after buying an additional 1,300 shares during the last quarter. Vise Technologies Inc. grew its position in shares of Urban Outfitters by 4.0% in the 3rd quarter. Vise Technologies Inc. now owns 3,050 shares of the apparel retailer’s stock worth $233,000 after buying an additional 118 shares during the last quarter. Summit Global Investments grew its position in shares of Urban Outfitters by 124.3% in the 3rd quarter. Summit Global Investments now owns 8,929 shares of the apparel retailer’s stock worth $682,000 after buying an additional 4,948 shares during the last quarter. Bosman Wealth Management LLC bought a new position in shares of Urban Outfitters during the 3rd quarter worth approximately $1,264,000. Finally, Choreo LLC raised its stake in shares of Urban Outfitters by 6.6% during the 3rd quarter. Choreo LLC now owns 4,321 shares of the apparel retailer’s stock worth $330,000 after acquiring an additional 269 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women’s apparel, accessories, home goods and lifestyle merchandise.