Urban Outfitters (NASDAQ:URBN) Stock: Insider Harry Cherken, Jr. Sells 5,000 Shares

Urban Outfitters, Inc. (NASDAQ:URBN) Director Harry Cherken, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $87.06, for a total transaction of $435,300.00. Following the completion of the transaction, the director owned 494,315 shares of the company’s stock, valued at $43,035,063.90. This represents a 1.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Urban Outfitters Stock Down 0.9%

Shares of NASDAQ URBN traded down $0.83 during midday trading on Friday, hitting $86.57. The company had a trading volume of 1,286,225 shares, compared to its average volume of 1,366,747. Urban Outfitters, Inc. has a twelve month low of $59.53 and a twelve month high of $90.59. The business has a 50-day simple moving average of $78.27 and a two-hundred day simple moving average of $73.93. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, hitting analysts’ consensus estimates of $1.72. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. On average, equities analysts forecast that Urban Outfitters, Inc. will post 6.20 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on URBN shares. JPMorgan Chase & Co. boosted their price target on Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Needham & Company LLC initiated coverage on Urban Outfitters in a research note on Friday. They issued a “buy” rating and a $100.00 price objective for the company. BMO Capital Markets began coverage on Urban Outfitters in a report on Tuesday, September 8th. They set a “market perform” rating and a $80.00 price objective for the company. Barclays boosted their target price on Urban Outfitters from $100.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $90.00 target price on shares of Urban Outfitters in a research report on Thursday, August 27th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.54.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. BlackRock Inc. acquired a new stake in shares of Urban Outfitters in the second quarter valued at approximately $615,160,000. Dimensional Fund Advisors LP raised its position in shares of Urban Outfitters by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer’s stock worth $273,274,000 after purchasing an additional 338,622 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Urban Outfitters by 23.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer’s stock valued at $62,155,000 after buying an additional 189,454 shares in the last quarter. Bank of America Corp DE purchased a new stake in Urban Outfitters in the 2nd quarter valued at approximately $33,414,000. Finally, Engineers Gate Manager LP lifted its stake in Urban Outfitters by 211.4% in the 2nd quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer’s stock valued at $30,344,000 after buying an additional 290,698 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.

The company’s portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women’s clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women’s apparel and activewear.