Insider Selling: Urban Outfitters (NASDAQ:URBN) CEO Sells 10,667 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $82.66, for a total transaction of $881,734.22. Following the sale, the chief executive officer directly owned 17,889,268 shares in the company, valued at approximately $1,478,726,892.88. The trade was a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN traded up $0.86 during mid-day trading on Monday, reaching $82.70. 1,794,555 shares of the company’s stock were exchanged, compared to its average volume of 2,141,664. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $83.94. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.24 and a beta of 1.20. The business’s fifty day moving average price is $68.76 and its 200-day moving average price is $71.20.

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

Hedge Funds Weigh In On Urban Outfitters

Several large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Urban Outfitters in the 3rd quarter worth $25,000. Hollencrest Capital Management purchased a new position in shares of Urban Outfitters during the second quarter valued at about $26,000. Global Retirement Partners LLC increased its holdings 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 purchasing an additional 282 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of Urban Outfitters by 180.2% in the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock worth $34,000 after buying an additional 301 shares in the last quarter. Finally, Kilter Group LLC bought a new position in Urban Outfitters during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on URBN shares. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. The Goldman Sachs Group initiated coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating and a $83.00 target price on the stock. Bank of America raised their price target on shares of Urban Outfitters from $90.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Urban Outfitters in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $85.17.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.