Urban Outfitters (NASDAQ:URBN) Stock Price Down 2.7% After Insider Selling

Urban Outfitters, Inc. (NASDAQ:URBN - Get Free Report) traded down 2.7% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $73.39 and last traded at $72.73. 92,710 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 1,945,837 shares. The stock had previously closed at $74.74.

Specifically, insider Azeez Hayne sold 12,856 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $73.00, for a total value of $938,488.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Melanie Marein-Efron sold 20,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $73.36, for a total value of $1,467,200.00. Following the sale, the chief financial officer now owns 5,036 shares in the company, valued at $369,440.96. The trade was a 79.88% decrease in their position. The disclosure for this sale can be found here. In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was 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 of the company's stock, valued at $35,613,948.40. This represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Urban Outfitters from $62.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Citigroup dropped their price objective on 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 increased their price objective on Urban Outfitters from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Bank of America raised their price target on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group restated an "underperform" rating and set a $46.00 price target (up previously from $42.00) on shares of Urban Outfitters in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Urban Outfitters has an average rating of "Hold" and an average price target of $69.36.

Urban Outfitters Stock Performance

The stock's fifty day moving average price is $55.04 and its two-hundred day moving average price is $53.47. The company has a market cap of $6.48 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.02 and a beta of 1.33.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share (EPS) 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 firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. The business's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. On average, equities research analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. Whipplewood Advisors LLC grew its stake in shares of Urban Outfitters by 2,893.8% in the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after acquiring an additional 463 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer's stock worth $29,000 after buying 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 1st 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 purchased a new stake in Urban Outfitters in the first quarter worth $46,000. Finally, Exchange Traded Concepts LLC bought a new stake in Urban Outfitters during the 1st quarter valued at $52,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

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.