Urban Outfitters (NASDAQ:URBN) CEO Sells $857,413.46 in Stock

by · The Cerbat Gem

Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) CEO Richard Hayne sold 10,667 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $80.38, for a total transaction of $857,413.46. Following the transaction, the chief executive officer directly owned 17,825,266 shares of the company’s stock, valued at $1,432,794,881.08. This represents a 0.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Urban Outfitters Trading Down 3.6%

URBN stock traded down $2.88 during trading on Tuesday, reaching $77.24. 1,329,637 shares of the stock were exchanged, compared to its average volume of 2,130,322. Urban Outfitters, Inc. has a twelve month low of $41.89 and a twelve month high of $83.94. The company has a market capitalization of $6.93 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20. The stock has a 50 day simple moving average of $70.09 and a 200-day simple moving average of $71.63.

Urban Outfitters (NASDAQ:URBN – Get Free Report) last announced its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The company had revenue of $1.53 billion during the quarter. Equities analysts predict that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

URBN has been the topic of several analyst reports. UBS Group boosted their price target on shares of Urban Outfitters from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. increased their price target on shares of Urban Outfitters from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Guggenheim began coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday. Finally, Barclays raised their target price on Urban Outfitters from $89.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.50.

Check Out Our Latest Stock Report on URBN

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors have recently modified their holdings of URBN. Jupiter Asset Management Ltd. grew its stake in shares of Urban Outfitters by 900.1% during the third quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock valued at $69,287,000 after purchasing an additional 873,008 shares during the last quarter. Capital World Investors acquired a new position in Urban Outfitters during the 3rd quarter worth $60,795,000. Norges Bank bought a new position in Urban Outfitters in the 2nd quarter valued at $55,429,000. Balyasny Asset Management L.P. increased its stake in shares of Urban Outfitters by 5,360.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after buying an additional 606,831 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Urban Outfitters by 23.1% during the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock worth $205,654,000 after acquiring an additional 540,877 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Company Profile

(Get Free Report)

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.

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