Richard Hayne Sells 10,667 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne sold 10,667 shares of the company’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $76.28, for a total transaction of $813,678.76. Following the sale, the chief executive officer directly owned 17,782,598 shares of the company’s stock, valued at $1,356,456,575.44. The trade was a 0.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN traded up $0.22 during midday trading on Wednesday, hitting $75.26. The company’s stock had a trading volume of 1,005,558 shares, compared to its average volume of 2,110,699. The business’s 50 day simple moving average is $71.26 and its 200 day simple moving average is $71.96. The company has a market cap of $6.75 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.15 and a beta of 1.20. Urban Outfitters, Inc. has a 12-month low of $41.89 and a 12-month high of $83.94.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 EPS 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%. On average, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on URBN shares. Morgan Stanley raised their target price on Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. boosted their target price 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. Telsey Advisory Group raised shares of Urban Outfitters from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $85.00 to $98.00 in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Finally, Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds have recently bought and sold shares of URBN. Asset Management One Co. Ltd. grew its position in Urban Outfitters by 11.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock valued at $97,000 after acquiring an additional 140 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Urban Outfitters by 1.6% in the third quarter. Nisa Investment Advisors LLC now owns 10,489 shares of the apparel retailer’s stock valued at $749,000 after purchasing an additional 164 shares during the period. Diversified Trust Co grew its holdings in shares of Urban Outfitters by 0.9% in the second quarter. Diversified Trust Co now owns 19,702 shares of the apparel retailer’s stock valued at $1,429,000 after purchasing an additional 185 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Urban Outfitters by 1.2% in the second quarter. Maryland State Retirement & Pension System now owns 16,611 shares of the apparel retailer’s stock valued at $1,205,000 after purchasing an additional 198 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Urban Outfitters by 32.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 964 shares of the apparel retailer’s stock worth $70,000 after buying an additional 237 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.