Urban Outfitters (NASDAQ:URBN) Stock Price Down 5.4% on Insider Selling

Key Points

• Urban Outfitters stock fell 5.4% to $67.84 after insider director Mary Egan sold 1,000 shares, reducing her holdings by 6.56%.
• Several analysts have raised their target prices for Urban Outfitters, with Bank of America setting a target of $93.00 and BMO Capital Markets rating it as "market perform" at $76.00.
• The company's latest earnings showed a better-than-expected EPS of $1.58 and an 11.3% increase in revenue compared to the same quarter last year.

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report)'s share price was down 5.4% during trading on Friday following insider selling activity. The company traded as low as $67.87 and last traded at $67.84. Approximately 834,300 shares changed hands during trading, a decline of 61% from the average daily volume of 2,153,022 shares. The stock had previously closed at $71.70.

Specifically, Director Mary Egan sold 1,000 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total transaction of $70,120.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on URBN. BMO Capital Markets set a $76.00 target price on Urban Outfitters and gave the company a "market perform" rating in a report on Thursday, May 22nd. Robert W. Baird upgraded Urban Outfitters from a "neutral" rating to an "outperform" rating and increased their target price for the company from $75.00 to $90.00 in a report on Wednesday, June 11th. Bank of America increased their target price on Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Wells Fargo & Company increased their target price 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, Baird R W upgraded Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Urban Outfitters presently has a consensus rating of "Hold" and a consensus price target of $81.91.

Urban Outfitters Trading Down 5.4%

The company has a market cap of $6.08 billion, a PE ratio of 13.24, a PEG ratio of 1.13 and a beta of 1.29. The stock has a 50 day moving average price of $74.01 and a 200 day moving average price of $63.80.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in URBN. Whipplewood Advisors LLC lifted its stake in shares of Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock valued at $25,000 after purchasing an additional 463 shares during the period. Hollencrest Capital Management purchased a new position in shares of Urban Outfitters in the 2nd quarter valued at approximately $26,000. Cullen Frost Bankers Inc. raised its stake in Urban Outfitters by 180.2% during the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer's stock valued at $34,000 after buying an additional 301 shares during the last quarter. Federated Hermes Inc. raised its stake in Urban Outfitters by 17,175.0% during the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock valued at $36,000 after buying an additional 687 shares during the last quarter. Finally, Kilter Group LLC purchased a new position in Urban Outfitters during the second quarter valued at $36,000. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.