Insider Selling: Urban Outfitters, Inc. (NASDAQ:URBN) Insider Sells 12,856 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) insider Azeez Hayne sold 12,856 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $73.00, for a total value of $938,488.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Azeez Hayne also recently made the following trade(s):

• On Tuesday, March 11th, Azeez Hayne sold 11,676 shares of Urban Outfitters stock. The stock was sold at an average price of $54.75, for a total value of $639,261.00.

Urban Outfitters Stock Down 3.5%

Shares of NASDAQ:URBN traded down $2.51 during midday trading on Friday, reaching $69.96. The company's stock had a trading volume of 2,976,473 shares, compared to its average volume of 1,966,345. The business has a 50 day moving average price of $55.04 and a 200 day moving average price of $53.57. Urban Outfitters, Inc. has a 1 year low of $33.86 and a 1 year high of $75.80. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.35. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in Urban Outfitters during the first quarter valued at about $461,000. Acadian Asset Management LLC grew its position in Urban Outfitters by 354.6% during the first quarter. Acadian Asset Management LLC now owns 206,454 shares of the apparel retailer's stock valued at $10,813,000 after acquiring an additional 161,039 shares during the period. Intech Investment Management LLC boosted its position in shares of Urban Outfitters by 110.6% in the first quarter. Intech Investment Management LLC now owns 65,804 shares of the apparel retailer's stock worth $3,448,000 after buying an additional 34,555 shares during the period. Bayforest Capital Ltd purchased a new stake in shares of Urban Outfitters in the first quarter worth about $442,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Urban Outfitters by 10.5% in 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 buying an additional 13,554 shares during the period. Hedge funds and other institutional investors own 77.61% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on URBN. Wells Fargo & Company reissued an "equal weight" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. BMO Capital Markets set a $76.00 price target on Urban Outfitters and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Wall Street Zen raised Urban Outfitters from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Robert W. Baird raised their price target on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Finally, Glj Research reaffirmed a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Urban Outfitters has a consensus rating of "Hold" and a consensus price target of $69.36.

About Urban Outfitters

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.