Urban Outfitters (NASDAQ:URBN) Director Sells 5,000 Shares of Stock

Key Points

• Director sale: Urban Outfitters Director Harry Cherken Jr. sold 5,000 shares at an average price of $92.12, totaling $460,600. He retained 489,315 shares after the transaction.
• Stock performance and earnings: URBN recently traded at $88.94, near its 52-week high of $93.64. The company’s latest quarterly results matched analysts’ EPS expectations at $1.72, while revenue rose 10.4% year over year to $1.66 billion.
• Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $90.54. Institutional investors own approximately 77.61% of the company’s shares.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) Director Harry Cherken, Jr. sold 5,000 shares of the firm's stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $92.12, for a total value of $460,600.00. Following the completion of the sale, the director owned 489,315 shares of the company's stock, valued at approximately $45,075,697.80. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Urban Outfitters Stock Performance

NASDAQ URBN traded down $1.78 on Monday, hitting $88.94. 1,251,325 shares of the stock were exchanged, compared to its average volume of 1,341,609. The stock has a fifty day moving average price of $80.86 and a two-hundred day moving average price of $73.12. The firm has a market capitalization of $7.62 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.42 and a beta of 1.22. Urban Outfitters, Inc. has a 52-week low of $59.53 and a 52-week high of $93.64.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, meeting the consensus estimate of $1.72. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Sell-side analysts expect that Urban Outfitters, Inc. will post 6.20 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on URBN shares. Morgan Stanley reissued an "overweight" rating and issued a $90.00 price objective on shares of Urban Outfitters in a research note on Thursday, August 27th. Wolfe Research assumed coverage on Urban Outfitters in a research note on Wednesday, October 21st. They set a "peer perform" rating on the stock. Jefferies Financial Group upped their target price on Urban Outfitters from $72.00 to $79.00 and gave the company a "hold" rating in a research note on Wednesday, August 12th. Wall Street Zen downgraded Urban Outfitters from a "buy" rating to a "hold" rating in a report on Monday, August 31st. Finally, Weiss Ratings raised Urban Outfitters from a "buy (b)" rating to a "buy (b+)" rating in a research note on Tuesday, October 20th. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.54.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Urban Outfitters in the 2nd quarter worth about $615,160,000. Dimensional Fund Advisors LP boosted its position in Urban Outfitters by 8.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,313,938 shares of the apparel retailer's stock valued at $273,274,000 after buying an additional 338,622 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Urban Outfitters by 23.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 981,130 shares of the apparel retailer's stock worth $62,155,000 after acquiring an additional 189,454 shares in the last quarter. Bank of America Corp DE bought a new position in Urban Outfitters in the 2nd quarter worth about $33,414,000. Finally, Engineers Gate Manager LP grew its stake in Urban Outfitters by 211.4% in the 2nd quarter. Engineers Gate Manager LP now owns 428,227 shares of the apparel retailer's stock worth $30,344,000 after acquiring an additional 290,698 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands focused on apparel, accessories, home furnishings, beauty products and related merchandise. Its principal brands include Urban Outfitters, Anthropologie, Free People, Terrain and Nuuly. The company serves customers through retail stores, brand websites, mobile applications and other digital channels.

Urban Outfitters offers fashion-oriented products for women and men, while Anthropologie emphasizes women's apparel, accessories, home goods and lifestyle merchandise.

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