Azeez Hayne Sells 8,733 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Urban Outfitters, Inc. (NASDAQ:URBN) insider Azeez Hayne sold 8,733 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $73.18, for a total value of $639,080.94. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Urban Outfitters Stock Down 0.4%

URBN opened at $75.15 on Thursday. The firm has a market cap of $6.43 billion, a PE ratio of 14.42, a P/E/G ratio of 1.43 and a beta of 1.23. The business has a fifty day simple moving average of $68.47 and a 200-day simple moving average of $70.33. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $84.35.

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

Institutional Trading of Urban Outfitters

A number of hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Urban Outfitters by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock worth $1,977,000 after acquiring an additional 1,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Urban Outfitters by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after acquiring an additional 13,554 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Urban Outfitters by 343.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,435 shares of the apparel retailer’s stock worth $177,000 after acquiring an additional 1,886 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Urban Outfitters by 125.1% during the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 274 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Urban Outfitters by 14.0% during the second quarter. First Trust Advisors LP now owns 182,547 shares of the apparel retailer’s stock worth $13,242,000 after acquiring an additional 22,393 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Telsey Advisory Group restated an “outperform” rating and issued a $98.00 target price on shares of Urban Outfitters in a report on Thursday, February 26th. Jefferies Financial Group restated a “hold” rating and issued a $72.00 target price on shares of Urban Outfitters in a report on Thursday, May 21st. Barclays reduced their target price on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Finally, Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.