Melanie Marein-Efron Sells 5,700 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Key Points

• Urban Outfitters CFO Melanie Marein-Efron sold 5,700 shares at an average price of $80.75, generating $460,275. Following the sale, she retained 11,323 shares, a 33.48% reduction in her direct ownership.
• Urban Outfitters shares fell 1.9% to $79.43 during Tuesday trading. The company recently reported quarterly EPS of $1.72 and revenue of $1.66 billion, with revenue rising 10.4% year over year.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $90.64, compared with the current share price.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) CFO Melanie Marein-Efron sold 5,700 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the transaction, the chief financial officer directly owned 11,323 shares of the company's stock, valued at approximately $914,332.25. The trade was a 33.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Urban Outfitters Trading Down 1.9%

Shares of URBN stock traded down $1.54 during midday trading on Tuesday, reaching $79.43. 1,242,610 shares of the stock were exchanged, compared to its average volume of 1,413,794. Urban Outfitters, Inc. has a 1 year low of $59.53 and a 1 year high of $85.43. The company's 50 day moving average is $75.02 and its two-hundred day moving average is $71.26. The firm has a market cap of $6.80 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.27 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $1.72 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.72. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. As a group, equities analysts expect that Urban Outfitters, Inc. will post 6.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group lifted their price objective on Urban Outfitters from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Thursday, August 27th. Jefferies Financial Group raised their target price on shares of Urban Outfitters from $72.00 to $79.00 and gave the stock a "hold" rating in a report on Wednesday, August 12th. Barclays boosted their target price on shares of Urban Outfitters from $100.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. The Goldman Sachs Group upgraded Urban Outfitters from a "neutral" rating to a "buy" rating and upped their price objective for the company from $76.00 to $93.00 in a research report on Monday, July 20th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $90.00 target price on shares of Urban Outfitters in a report on Thursday, August 27th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.64.

Institutional Trading of Urban Outfitters

Several hedge funds have recently bought and sold shares of the stock. Maryland State Retirement & Pension System raised its stake in shares of Urban Outfitters by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer's stock worth $593,000 after buying an additional 148 shares during the period. GAMMA Investing LLC increased its holdings in Urban Outfitters by 10.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,049 shares of the apparel retailer's stock worth $145,000 after acquiring an additional 188 shares in the last quarter. Lido Advisors LLC raised its stake in Urban Outfitters by 2.7% during the 4th quarter. Lido Advisors LLC now owns 7,367 shares of the apparel retailer's stock worth $533,000 after acquiring an additional 193 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Urban Outfitters by 1.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,319 shares of the apparel retailer's stock worth $927,000 after purchasing an additional 231 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in shares of Urban Outfitters by 2.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 9,584 shares of the apparel retailer's stock valued at $679,000 after purchasing an additional 263 shares during the period. Institutional investors own 77.61% of the company's stock.

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.

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