Urban Outfitters (NASDAQ:URBN) Director 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 Urban Outfitters stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the completion of the transaction, the director directly owned 14,250 shares in the company, valued at approximately $999,210. This represents a 6.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Urban Outfitters Stock Performance

Shares of NASDAQ:URBN traded up $1.16 on Thursday, hitting $71.70. 1,989,562 shares of the company were exchanged, compared to its average volume of 2,161,127. The company's 50 day moving average price is $74.05 and its two-hundred day moving average price is $63.68. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 1.16 and a beta of 1.29. Urban Outfitters, Inc. has a one year low of $34.01 and a one year high of $80.71.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the prior year, the company posted $1.24 EPS. The business's revenue was up 11.3% on a year-over-year basis. Research analysts predict that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of Urban Outfitters in the first quarter valued at approximately $43,769,000. Wedge Capital Management L L P NC bought a new position in shares of Urban Outfitters during the 1st quarter valued at approximately $40,544,000. Norges Bank bought a new stake in shares of Urban Outfitters in the second quarter valued at $55,429,000. Qube Research & Technologies Ltd lifted its holdings in Urban Outfitters by 59.1% during the second 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. Finally, Marshall Wace LLP grew its stake 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 buying an additional 371,058 shares in the last quarter. Institutional investors and hedge funds own 77.61% of the company's stock.

Wall Street Analyst Weigh In

URBN has been the topic of several research reports. BMO Capital Markets set a $76.00 price target on Urban Outfitters and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Morgan Stanley lifted their target price on Urban Outfitters from $82.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Wells Fargo & Company increased their price objective on shares of Urban Outfitters from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th. Wall Street Zen lowered Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Urban Outfitters from $88.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. One investment 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 MarketBeat, Urban Outfitters has an average rating of "Hold" and an average price target of $81.91.

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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