Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Research Report on URBN
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.
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