Urban Outfitters (NASDAQ:URBN) Stock: Insider Harry Cherken Jr Sells 5,000 Shares

Key Points

• Director Harry Cherken Jr. sold 5,000 Urban Outfitters shares at an average price of $87.06, totaling $435,300. He retained 494,315 shares after the transaction.
• Urban Outfitters shares fell 0.9% to $86.57, though the company reported quarterly revenue of $1.66 billion, up 10.4% year over year, and earnings of $1.72 per share in line with estimates.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $90.54; institutional investors own approximately 77.6% of the company.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) Director Harry Cherken, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $87.06, for a total value of $435,300.00. Following the sale, the director directly owned 494,315 shares in the company, valued at $43,035,063.90. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Urban Outfitters Trading Down 0.9%

Shares of NASDAQ URBN traded down $0.83 during trading on Friday, reaching $86.57. 1,286,225 shares of the company traded hands, compared to its average volume of 1,366,747. The stock has a market cap of $7.42 billion, a P/E ratio of 13.51, a PEG ratio of 1.32 and a beta of 1.24. The firm's fifty day simple moving average is $78.27 and its 200 day simple moving average is $73.93. Urban Outfitters, Inc. has a 12-month low of $59.53 and a 12-month high of $90.59.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued 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 firm had revenue of $1.66 billion for 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 company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 earnings per share. As a group, research analysts expect that Urban Outfitters, Inc. will post 6.20 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on URBN shares. Citigroup restated a "neutral" rating on shares of Urban Outfitters in a research report on Friday, August 28th. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 target price on shares of Urban Outfitters in a report on Thursday, August 27th. BMO Capital Markets began coverage on shares of Urban Outfitters in a research note on Tuesday, September 8th. They issued a "market perform" rating and a $80.00 target price for the company. Barclays increased their price target on shares of Urban Outfitters from $100.00 to $102.00 and gave the stock an "overweight" rating in a report on Thursday, August 27th. Finally, Wall Street Zen cut Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Monday, August 31st. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Urban Outfitters has a consensus rating of "Moderate Buy" and an average price target of $90.54.

Institutional Trading of Urban Outfitters

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of Urban Outfitters by 10.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,049 shares of the apparel retailer's stock valued at $145,000 after buying an additional 188 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Urban Outfitters by 87.0% in the second quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer's stock valued at $38,000 after buying an additional 247 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Urban Outfitters by 2.8% during the second quarter. Concurrent Investment Advisors LLC now owns 9,584 shares of the apparel retailer's stock worth $679,000 after acquiring an additional 263 shares during the period. Allworth Financial LP grew its holdings in Urban Outfitters by 186.9% during the second quarter. Allworth Financial LP now owns 439 shares of the apparel retailer's stock worth $31,000 after acquiring an additional 286 shares during the period. Finally, Bessemer Group Inc. raised its position in Urban Outfitters by 0.7% in the first quarter. Bessemer Group Inc. now owns 41,147 shares of the apparel retailer's stock worth $2,607,000 after acquiring an additional 296 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.

The company's portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women's clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women's apparel and activewear.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.