Urban Outfitters, Inc. (NASDAQ:URBN) CEO Tricia D. Smith Sells 11,730 Shares of Stock

Urban Outfitters, Inc. (NASDAQ:URBN) CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Urban Outfitters Trading Down 3.1 %

URBN opened at $34.35 on Wednesday. The stock has a 50-day moving average price of $41.52 and a 200-day moving average price of $41.61. Urban Outfitters, Inc. has a 12-month low of $30.05 and a 12-month high of $48.90. The stock has a market capitalization of $3.21 billion, a P/E ratio of 10.97, a PEG ratio of 0.86 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business earned $1.10 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts predict that Urban Outfitters, Inc. will post 3.63 EPS for the current year.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of Urban Outfitters by 89.7% in the 4th quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 417 shares in the last quarter. Quarry LP lifted its stake in shares of Urban Outfitters by 1,825.0% in the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 876 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Urban Outfitters by 3,700.0% in the 4th quarter. Spire Wealth Management now owns 1,140 shares of the apparel retailer’s stock valued at $41,000 after acquiring an additional 1,110 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $42,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $48,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on URBN shares. Telsey Advisory Group cut Urban Outfitters from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $49.00 to $44.00 in a research report on Thursday, August 22nd. StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Bank of America reduced their price target on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Robert W. Baird lifted their price target on Urban Outfitters from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Finally, BMO Capital Markets reduced their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Urban Outfitters currently has a consensus rating of “Hold” and an average target price of $42.30.

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.