Insider Selling: Urban Outfitters (NASDAQ:URBN) CEO Sells $752,023.50 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of Urban Outfitters stock in a transaction on Friday, February 20th. The stock was sold at an average price of $70.50, for a total transaction of $752,023.50. Following the transaction, the chief executive officer owned 17,449,385 shares in the company, valued at approximately $1,230,181,642.50. This trade represents a 0.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Urban Outfitters Stock Up 0.9%

NASDAQ URBN opened at $65.46 on Thursday. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.90 and a beta of 1.24. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $84.35. The stock has a fifty day simple moving average of $72.88 and a 200 day simple moving average of $71.59.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.19. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.79 billion. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 EPS. Research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Trending Headlines about Urban Outfitters

Here are the key news stories impacting Urban Outfitters this week:

• Positive Sentiment: Q4 earnings beat — URBN reported $1.43 EPS vs. $1.24 consensus and showed an 8.15% net margin and 18.33% ROE, which supports near-term profitability improvements. Read More.
• Positive Sentiment: Namesake-store turnaround — The core Urban Outfitters banner, previously a drag, is now driving sales gains, helping lift comparable-store performance. Read More.
• Positive Sentiment: Nuuly rental business outperformed targets — The WSJ reports the Nuuly clothing-rental service beat its sales target and added subscribers, indicating a growing, higher-margin revenue stream. Read More.
• Neutral Sentiment: Analyst reaction mixed entering earnings — Some analysts lowered pre-quarter forecasts and models diverged, so near-term guidance and analyst revisions will matter for momentum. Read More.
• Neutral Sentiment: Valuation debate — Recent pullback has improved valuation metrics for some longer-term investors, but this is a gradual thesis rather than an immediate catalyst. Read More.
• Neutral Sentiment: Elevated trading volume — Volume is above average today, signaling heightened investor interest and opinion dispersion (can amplify moves in either direction).
• Negative Sentiment: Heavy insider selling — Multiple recent sales by executives (including Margaret Hayne and filings tied to senior insiders) have been significant in aggregate and are pressuring sentiment despite insiders’ large remaining stakes. Read More.

Institutional Trading of Urban Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. Abrams Bison Investments LLC acquired a new stake in Urban Outfitters in the fourth quarter valued at approximately $127,114,000. Jupiter Asset Management Ltd. lifted its holdings in shares of Urban Outfitters by 900.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock worth $69,287,000 after purchasing an additional 873,008 shares in the last quarter. Capital World Investors acquired a new stake in Urban Outfitters in the 3rd quarter valued at $60,795,000. Norges Bank bought a new stake in Urban Outfitters during the 2nd quarter valued at $55,429,000. Finally, Balyasny Asset Management L.P. raised its holdings in Urban Outfitters by 5,360.2% during the third quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock worth $44,155,000 after buying an additional 606,831 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

URBN has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $98.00 price target on shares of Urban Outfitters in a research report on Thursday, February 19th. Robert W. Baird set a $93.00 price target on Urban Outfitters in a report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $86.67.

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.