Urban Outfitters (NASDAQ:URBN) CEO Sells 3,500 Shares of Stock

Key Points

• CEO Tricia Smith sold 3,500 Urban Outfitters shares at an average price of $75.95, generating $265,825. Her remaining 30,112 shares are valued at approximately $2.29 million, a 10.41% reduction in ownership.
• Urban Outfitters recently reported quarterly earnings of $1.72 per share and $1.66 billion in revenue, with revenue rising 10.4% year over year and both figures meeting or exceeding analyst expectations.
• Analysts maintain a Moderate Buy consensus, with an average price target of $89.75 versus the stock’s recent price of $74.21. Institutional investors own 77.61% of the company.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) CEO Tricia Smith sold 3,500 shares of Urban Outfitters stock in a transaction on Friday, September 18th. The stock was sold at an average price of $75.95, for a total transaction of $265,825.00. Following the sale, the chief executive officer owned 30,112 shares in the company, valued at $2,287,006.40. This represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Urban Outfitters Stock Performance

NASDAQ URBN traded down $0.80 during trading hours on Monday, hitting $74.21. The company had a trading volume of 733,844 shares, compared to its average volume of 1,396,618. Urban Outfitters, Inc. has a 1-year low of $59.53 and a 1-year high of $85.43. The company has a market cap of $6.36 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.26. The business has a 50 day moving average of $76.33 and a 200-day moving average of $71.88.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, hitting analysts' consensus estimates of $1.72. The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.65 billion. Urban Outfitters had a return on equity of 18.64% and a net margin of 8.79%.The business's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 earnings per share. Sell-side analysts expect that Urban Outfitters, Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Urban Outfitters from $97.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, August 18th. Jefferies Financial Group lifted their target price on shares of Urban Outfitters from $72.00 to $79.00 and gave the company a "hold" rating in a report on Wednesday, August 12th. UBS Group upped their price target on shares of Urban Outfitters from $80.00 to $82.00 and gave the company a "neutral" rating in a research report on Thursday, August 27th. Morgan Stanley reiterated an "overweight" rating and set a $90.00 price target on shares of Urban Outfitters in a research note on Thursday, August 27th. Finally, Wall Street Zen downgraded shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Monday, August 31st. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of "Moderate Buy" and an average target price of $89.75.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP raised its stake in shares of Urban Outfitters by 211.4% during the second quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer's stock worth $30,344,000 after purchasing an additional 290,698 shares during the last quarter. NewEdge Advisors LLC grew its position in Urban Outfitters by 87.0% in the 2nd quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer's stock valued at $38,000 after buying an additional 247 shares during the last quarter. Allworth Financial LP increased its stake in Urban Outfitters by 186.9% in the 2nd quarter. Allworth Financial LP now owns 439 shares of the apparel retailer's stock valued at $31,000 after buying an additional 286 shares during the period. Nykredit A S purchased a new position in Urban Outfitters during the 2nd quarter worth $118,000. Finally, HighTower Advisors LLC raised its position in Urban Outfitters by 7.0% during the 2nd quarter. HighTower Advisors LLC now owns 43,562 shares of the apparel retailer's stock worth $3,087,000 after buying an additional 2,857 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.

The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.

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