Insider Selling: Urban Outfitters (NASDAQ:URBN) CFO Sells 5,036 Shares of Stock

by · The Cerbat Gem

Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) CFO Melanie Marein-Efron sold 5,036 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $73.42, for a total value of $369,743.12. Following the transaction, the chief financial officer directly owned 17,023 shares of the company’s stock, valued at $1,249,828.66. This trade represents a 22.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Urban Outfitters Price Performance

Shares of NASDAQ URBN traded up $2.41 during mid-day trading on Tuesday, hitting $75.42. The company had a trading volume of 1,592,068 shares, compared to its average volume of 1,593,663. Urban Outfitters, Inc. has a 12 month low of $59.53 and a 12 month high of $84.35. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.40 and a beta of 1.23. The firm’s 50 day simple moving average is $68.01 and its two-hundred day simple moving average is $70.16.

Urban Outfitters (NASDAQ:URBN – Get Free Report) last issued its earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.18. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the company earned $1.16 earnings per share. Equities analysts forecast that Urban Outfitters, Inc. will post 5.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

URBN has been the subject of a number of analyst reports. Barclays reduced their target price on shares of Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. lifted their price target on Urban Outfitters from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Jefferies Financial Group reiterated a “hold” rating and set a $72.00 price objective on shares of Urban Outfitters in a research report on Thursday, May 21st. Bank of America raised their price target on Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Wells Fargo & Company cut their price objective on shares of Urban Outfitters from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.18.

Get Our Latest Stock Analysis on URBN

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in URBN. Maryland State Retirement & Pension System raised its holdings in Urban Outfitters by 1.9% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer’s stock worth $593,000 after purchasing an additional 148 shares in the last quarter. Salomon & Ludwin LLC increased its position in shares of Urban Outfitters by 58.4% during the 4th quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 149 shares during the period. GAMMA Investing LLC raised its stake in shares of Urban Outfitters by 8.0% in the 4th quarter. GAMMA Investing LLC now owns 2,088 shares of the apparel retailer’s stock worth $157,000 after buying an additional 154 shares in the last quarter. Oliver Luxxe Assets LLC raised its stake in shares of Urban Outfitters by 0.5% in the 4th quarter. Oliver Luxxe Assets LLC now owns 33,774 shares of the apparel retailer’s stock worth $2,542,000 after buying an additional 181 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in shares of Urban Outfitters by 2.7% in the fourth quarter. Lido Advisors LLC now owns 7,367 shares of the apparel retailer’s stock valued at $533,000 after buying an additional 193 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

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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