Urban Outfitters, Inc. (NASDAQ:URBN) CFO Sells $1,467,200.00 in Stock

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) CFO Melanie Marein-Efron sold 20,000 shares of Urban Outfitters stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $73.36, for a total transaction of $1,467,200.00. Following the completion of the transaction, the chief financial officer now directly owns 5,036 shares of the company's stock, valued at $369,440.96. The trade was a 79.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Urban Outfitters Trading Down 3.5%

NASDAQ URBN traded down $2.51 during trading hours on Friday, reaching $69.96. 2,976,473 shares of the company traded hands, compared to its average volume of 1,966,345. The stock has a market capitalization of $6.48 billion, a PE ratio of 20.05, a PEG ratio of 1.02 and a beta of 1.33. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $75.80. The company has a 50 day moving average of $55.04 and a two-hundred day moving average of $53.57.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.35. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the company earned $0.69 EPS. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities research analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on URBN shares. Wall Street Zen raised shares of Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. UBS Group upped their price objective on shares of Urban Outfitters from $54.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday. Telsey Advisory Group reiterated a "market perform" rating and set a $72.00 target price (up from $59.00) on shares of Urban Outfitters in a report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $63.00 to $78.00 in a report on Thursday, May 22nd. Finally, Morgan Stanley raised their price objective on shares of Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Urban Outfitters has a consensus rating of "Hold" and an average target price of $69.36.

Institutional Trading of Urban Outfitters

A number of large investors have recently modified their holdings of the company. Whipplewood Advisors LLC grew its position in Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock valued at $25,000 after buying an additional 463 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Urban Outfitters by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after buying an additional 200 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock worth $36,000 after buying an additional 687 shares during the period. Virtus Advisers LLC acquired a new position in shares of Urban Outfitters in the first quarter worth about $46,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Urban Outfitters during the first quarter worth approximately $52,000. Institutional investors and hedge funds own 77.61% of the company's stock.

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.