Insider Selling: Urban Outfitters (NASDAQ:URBN) CEO Sells $857,413.46 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of Urban Outfitters stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $80.38, for a total value of $857,413.46. Following the transaction, the chief executive officer directly owned 17,825,266 shares in the company, valued at approximately $1,432,794,881.08. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded down $2.88 during mid-day trading on Tuesday, reaching $77.24. The company had a trading volume of 1,329,637 shares, compared to its average volume of 2,130,322. The stock has a fifty day moving average of $70.09 and a two-hundred day moving average of $71.63. Urban Outfitters, Inc. has a 12-month low of $41.89 and a 12-month high of $83.94. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.22 and a beta of 1.20.

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

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors have recently made changes to their positions in URBN. Root Financial Partners LLC bought a new stake in Urban Outfitters during the 3rd quarter valued at approximately $25,000. Hollencrest Capital Management bought a new stake in shares of Urban Outfitters in the second quarter valued at approximately $26,000. Global Retirement Partners LLC grew its stake in shares of Urban Outfitters by 158.4% in the third quarter. Global Retirement Partners LLC now owns 460 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 282 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in Urban Outfitters by 180.2% during the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 301 shares during the period. Finally, Kilter Group LLC bought a new position in Urban Outfitters during the second quarter worth $36,000. 77.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

URBN has been the topic of several research reports. UBS Group upped their target price on Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Bank of America raised their price objective on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research report on Monday. JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $89.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Finally, The Goldman Sachs Group started coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $86.50.

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.