Urban Outfitters (NASDAQ:URBN) CEO Sells $758,743.71 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $71.13, for a total value of $758,743.71. Following the completion of the sale, the chief executive officer owned 17,511,209 shares of the company’s stock, valued at $1,245,572,296.17. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Urban Outfitters Trading Down 3.2%

Shares of NASDAQ:URBN traded down $2.26 during trading on Thursday, hitting $68.26. 1,232,917 shares of the company’s stock traded hands, compared to its average volume of 1,590,773. The company has a 50-day moving average price of $75.04 and a 200-day moving average price of $72.21. Urban Outfitters, Inc. has a 52 week low of $41.89 and a 52 week high of $84.35. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $98.00 target price on shares of Urban Outfitters in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. UBS Group restated a “neutral” rating on shares of Urban Outfitters in a report on Tuesday, January 13th. JPMorgan Chase & Co. cut their price target on shares of Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group initiated coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating and a $83.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $86.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Asset Management One Co. Ltd. increased its holdings in shares of Urban Outfitters by 11.7% during the second quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 140 shares during the period. Salomon & Ludwin LLC boosted its stake in shares of Urban Outfitters by 58.4% in the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 149 shares during the period. GAMMA Investing LLC grew its position in Urban Outfitters by 8.0% during the fourth quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock worth $157,000 after buying an additional 154 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Urban Outfitters by 1.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock worth $749,000 after acquiring an additional 164 shares during the period. Finally, Oliver Luxxe Assets LLC lifted its position in shares of Urban Outfitters by 0.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 33,774 shares of the apparel retailer’s stock valued at $2,542,000 after acquiring an additional 181 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.