Tricia Smith Sells 3,400 Shares of Urban Outfitters (NASDAQ:URBN) Stock

Key Points

• Urban Outfitters CEO Tricia Smith sold 3,400 shares on October 7th at an average price of $69.77, reducing her ownership by 25.23% to 10,077 shares valued at $703,072.29.
• The company reported a quarterly earnings of $1.58 EPS, surpassing estimates of $1.44 and achieved revenues of $1.50 billion, reflecting an 11.3% increase from the previous year.
• Analysts have given Urban Outfitters a consensus rating of "Moderate Buy" with a price target average of $81.91, indicating potential for growth in the stock value.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) CEO Tricia Smith sold 3,400 shares of the firm's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $69.77, for a total value of $237,218.00. Following the sale, the chief executive officer directly owned 10,077 shares of the company's stock, valued at $703,072.29. This represents a 25.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Urban Outfitters Stock Performance

Urban Outfitters stock traded up $1.77 during mid-day trading on Wednesday, reaching $71.78. The stock had a trading volume of 1,678,073 shares, compared to its average volume of 2,098,175. Urban Outfitters, Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $80.71. The stock's 50-day simple moving average is $73.45 and its 200-day simple moving average is $66.19. The firm has a market capitalization of $6.44 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.15 and a beta of 1.26.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays reiterated an "overweight" rating and set a $89.00 price target on shares of Urban Outfitters in a report on Friday, August 29th. Telsey Advisory Group lifted their price target on Urban Outfitters from $72.00 to $80.00 and gave the company a "market perform" rating in a research report on Thursday, August 28th. UBS Group lifted their price target on Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, September 2nd. Wall Street Zen cut Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 28th. Finally, Baird R W upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.91.

Institutional Investors Weigh In On Urban Outfitters

A number of hedge funds and other institutional investors have recently modified their holdings of URBN. Nuveen LLC bought a new stake in shares of Urban Outfitters in the 1st quarter valued at about $43,769,000. Norges Bank bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $55,429,000. Qube Research & Technologies Ltd raised its position in Urban Outfitters by 59.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,287,096 shares of the apparel retailer's stock valued at $93,366,000 after purchasing an additional 477,909 shares during the last quarter. Marshall Wace LLP raised its position in Urban Outfitters by 150.5% during the 2nd quarter. Marshall Wace LLP now owns 617,527 shares of the apparel retailer's stock valued at $44,795,000 after purchasing an additional 371,058 shares during the last quarter. Finally, Boston Partners bought a new position in Urban Outfitters during the 1st quarter valued at approximately $18,380,000. Institutional investors own 77.61% of the company's stock.

About Urban Outfitters

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.

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