Insider Selling: Urban Outfitters (NASDAQ:URBN) Insider Sells $639,080.94 in Stock

Urban Outfitters, Inc. (NASDAQ:URBNGet Free Report) insider Azeez Hayne sold 8,733 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $73.18, for a total transaction of $639,080.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Urban Outfitters Stock Performance

NASDAQ URBN traded up $2.41 during trading on Tuesday, reaching $75.42. 1,592,068 shares of the company traded hands, compared to its average volume of 1,593,663. Urban Outfitters, Inc. has a 1-year low of $59.53 and a 1-year high of $84.35. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.40 and a beta of 1.23. 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:URBNGet Free Report) last issued its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.18. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.Urban Outfitters’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. Equities research analysts expect that Urban Outfitters, Inc. will post 5.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on URBN. Wall Street Zen cut Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Telsey Advisory Group reiterated an “outperform” rating and set a $98.00 target price on shares of Urban Outfitters in a research report on Thursday, February 26th. Jefferies Financial Group reissued a “hold” rating and set a $72.00 price target on shares of Urban Outfitters in a report on Thursday, May 21st. 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. Finally, Bank of America upped their price objective on shares of Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Urban Outfitters presently has an average rating of “Moderate Buy” and an average price target of $87.18.

Check Out Our Latest Report on Urban Outfitters

Hedge Funds Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in shares of Urban Outfitters in the third quarter valued at $25,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Urban Outfitters in the fourth quarter valued at about $27,000. Brown Brothers Harriman & Co. grew its holdings in Urban Outfitters by 815.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after acquiring an additional 326 shares during the last quarter. Salomon & Ludwin LLC grew its holdings in Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 149 shares during the last quarter. Finally, Spire Wealth Management increased its position in Urban Outfitters by 83.3% in the 4th quarter. Spire Wealth Management now owns 440 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Urban Outfitters (NASDAQ:URBN)

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