Urban Outfitters (NASDAQ:URBN) Director Mary Egan Sells 1,000 Shares

Key Points

• Director Mary Egan of Urban Outfitters sold 1,000 shares at an average price of $70.12, decreasing her ownership by 6.56%.
• The company reported quarterly earnings of $1.58 EPS, surpassing expectations, with revenue increasing 11.3% year-over-year.
• Urban Outfitters has strong institutional support, with over 77.61% of its stock owned by institutional investors and hedge funds.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) Director Mary Egan sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of the transaction, the director owned 14,250 shares of the company's stock, valued at $999,210. This represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Urban Outfitters Stock Down 2.3%

Shares of URBN traded down $1.64 on Tuesday, hitting $70.33. The company's stock had a trading volume of 1,339,004 shares, compared to its average volume of 2,352,858. The firm's fifty day moving average price is $73.92 and its 200-day moving average price is $64.17. Urban Outfitters, Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $80.71. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.15 and a beta of 1.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm earned $1.24 EPS. Urban Outfitters's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on URBN. Glj Research reissued a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Jefferies Financial Group raised Urban Outfitters from an "underperform" rating to a "hold" rating and lifted their target price for the company from $50.00 to $70.00 in a research report on Friday, June 6th. Barclays restated an "overweight" rating and issued a $89.00 price target on shares of Urban Outfitters in a research note on Friday, August 29th. Citigroup restated a "neutral" rating and issued a $76.00 price target (up from $75.00) on shares of Urban Outfitters in a research note on Wednesday, August 20th. Finally, UBS Group raised their price target on Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $81.91.

Institutional Trading of Urban Outfitters

Several institutional investors have recently added to or reduced their stakes in URBN. Nuveen LLC bought a new stake in Urban Outfitters in the 1st quarter valued at $43,769,000. Wedge Capital Management L L P NC acquired a new position in Urban Outfitters in the 1st quarter valued at $40,544,000. Norges Bank acquired a new position in Urban Outfitters in the 2nd quarter valued at $55,429,000. Qube Research & Technologies Ltd raised its holdings in 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 in the last quarter. Finally, Marshall Wace LLP raised its holdings in 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 in the last quarter. 77.61% of the stock is currently owned by institutional investors.

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.