Insider Selling: Urban Outfitters (NASDAQ:URBN) CFO Sells 5,036 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CFO Melanie Marein-Efron sold 5,036 shares of Urban Outfitters stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.42, for a total value of $369,743.12. Following the sale, the chief financial officer directly owned 17,023 shares in the company, valued at approximately $1,249,828.66. The trade was a 22.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN traded up $2.41 during trading on Tuesday, hitting $75.42. The company’s stock had a trading volume of 1,592,068 shares, compared to its average volume of 1,593,663. The company has a market capitalization of $6.46 billion, a PE ratio of 14.48, a PEG ratio of 1.40 and a beta of 1.23. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $84.35. The stock’s 50-day moving average price is $68.01 and its two-hundred day moving average price is $70.16.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.18. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm earned $1.16 EPS. Urban Outfitters’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities analysts predict that Urban Outfitters, Inc. will post 5.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds have recently added to or reduced their stakes in URBN. Abrams Bison Investments LLC bought a new stake in Urban Outfitters during the fourth quarter valued at $127,114,000. Jupiter Asset Management Ltd. raised its holdings in shares of Urban Outfitters by 900.1% during the third 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 during the period. Capital World Investors bought a new position in shares of Urban Outfitters in the 3rd quarter worth about $60,795,000. Balyasny Asset Management L.P. boosted its holdings in shares of Urban Outfitters by 5,360.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after buying an additional 606,831 shares during the period. Finally, Norges Bank acquired a new position in shares of Urban Outfitters in the 4th quarter valued at about $44,191,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Analysts Set New Price Targets

URBN has been the subject of a number of research analyst reports. Telsey Advisory Group restated an “outperform” rating and issued a $98.00 price target on shares of Urban Outfitters in a research note on Thursday, February 26th. Barclays decreased their price objective on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Friday. Bank of America boosted their target price on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. upped their target price on shares of Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company reduced their price target on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and a consensus target price of $87.18.

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.