Urban Outfitters, Inc. (NASDAQ:URBN) Director Harry S. Cherken, Jr. Sells 35,000 Shares

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) Director Harry S. Cherken, Jr. sold 35,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $74.15, for a total transaction of $2,595,250.00. Following the completion of the transaction, the director now owns 480,296 shares in the company, valued at approximately $35,613,948.40. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Urban Outfitters Price Performance

URBN traded down $2.51 on Friday, hitting $69.96. 2,976,473 shares of the stock were exchanged, compared to its average volume of 1,966,345. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $75.80. The business has a 50-day moving average of $55.04 and a two-hundred day moving average of $53.57. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. Urban Outfitters's revenue was up 10.7% compared to the same quarter last year. Equities research analysts expect that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup decreased their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird upped their price objective on shares of Urban Outfitters from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Morgan Stanley boosted their target price on shares of Urban Outfitters from $62.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. raised shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $63.00 to $78.00 in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group reissued an "underperform" rating and issued a $46.00 target price (up previously from $42.00) on shares of Urban Outfitters in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $69.36.

Institutional Investors Weigh In On Urban Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of URBN. Whipplewood Advisors LLC lifted its position in Urban Outfitters by 2,893.8% during the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after purchasing an additional 463 shares during the period. Jones Financial Companies Lllp lifted 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 acquiring an additional 200 shares during the last quarter. Federated Hermes Inc. lifted 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 acquiring an additional 687 shares during the last quarter. Virtus Advisers LLC bought a new position in shares of Urban Outfitters in the first quarter worth about $46,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Urban Outfitters in the first quarter worth about $52,000. Institutional investors 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.