Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) CEO Richard Hayne sold 10,667 shares of the business's stock in a transaction on Monday, October 13th. The shares were sold at an average price of $70.11, for a total transaction of $747,863.37. Following the completion of the sale, the chief executive officer owned 18,017,272 shares in the company, valued at $1,263,190,939.92. This represents a 0.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Urban Outfitters Stock Performance
Shares of NASDAQ:URBN traded down $1.10 on Tuesday, hitting $67.92. The stock had a trading volume of 2,162,253 shares, compared to its average volume of 2,089,721. Urban Outfitters, Inc. has a twelve month low of $34.76 and a twelve month high of $80.71. The firm's 50 day moving average price is $72.90 and its 200-day moving average price is $66.77. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 1.07 and a beta of 1.26.
Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company earned $1.24 EPS. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, sell-side analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts recently issued reports on URBN shares. Bank of America lifted their price target on Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a report on Thursday, August 28th. 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 report on Thursday, August 28th. Zacks Research raised Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Wells Fargo & Company lifted their price target on Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Finally, Wall Street Zen cut Urban Outfitters from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 28th. 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.91.
Read Our Latest Report on Urban Outfitters
Institutional Trading of Urban Outfitters
Several institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Nuveen LLC bought a new stake in Urban Outfitters during the 1st quarter worth 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 increased its stake in shares of Urban Outfitters by 59.1% in 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 acquiring an additional 477,909 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Urban Outfitters by 150.5% in the 2nd quarter. Marshall Wace LLP now owns 617,527 shares of the apparel retailer's stock valued at $44,795,000 after acquiring an additional 371,058 shares during the last quarter. Finally, Boston Partners bought a new stake in shares of Urban Outfitters in the 1st quarter valued at about $18,380,000. 77.61% of the stock is owned by institutional investors.
About Urban Outfitters
(
Get Free Report)
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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